Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for DULUTH HOLDINGS INC. CLASS B COMMON STOCK (DLTH) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DLTH was recently trading at $15.98 and has an implied volatility of 69.43% for this period. Based on an analysis of the options available for DLTH expiring on 20-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $15.98-$19.84 at expiration. In this scenario, the average linear return for the trade would be 40.01%. Big 12.06% Change: After closing the last trading session at $14.26, DULUTH HOLDINGS INC. CLASS B COMMON STOCK opened today at $15.01 and has reached a high of $16.85. Trade approach: A movement as big as 12.06% is a significantly bullish indicator, so this trade is designed to be profitable if DLTH maintains its current direction and does not revert back to pricing on the bearish side of $15.98 on 20-Nov-2020. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if DULUTH HOLDINGS INC. CLASS B COMMON STOCK closes at or above $15.70 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 53.29% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.