Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for RIOT BLOCKCHAIN INC. COMMON STOCK (RIOT) for the 6-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RIOT was recently trading at $3.64 and has an implied volatility of 141.16% for this period. Based on an analysis of the options available for RIOT expiring on 6-Nov-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $3.64-$4.95 at expiration. In this scenario, the average linear return for the trade would be 41.58%. Big 10.30% Change: After closing the last trading session at $3.30, RIOT BLOCKCHAIN INC. COMMON STOCK opened today at $3.45 and has reached a high of $3.72. Trade approach: A movement as big as 10.30% is a significantly bullish indicator, so this trade is designed to be profitable if RIOT maintains its current direction and does not revert back to pricing on the bearish side of $3.64 on 6-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 RIOT BLOCKCHAIN INC. COMMON STOCK closes at or above $3.60 on 6-Nov-2020. Based on our risk-neutral analysis, there is a 51.44% 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.