Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for UNITED NATURAL FOODS (UNFI) for the 20-Nov-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. UNFI was recently trading at $17.04 and has an implied volatility of 74.27% for this period. Based on an analysis of the options available for UNFI expiring on 20-Nov-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $13.81-$17.04 at expiration. In this scenario, the average linear return for the trade would be 50.11%. Big -7.84% Change: After closing the last trading session at $18.49, UNITED NATURAL FOODS opened today at $18.34 and has reached a low of $17.01. Trade approach: A movement as big as -7.84% is a significantly bearish indicator, so this trade is designed to be profitable if UNFI maintains its current direction and does not revert back to pricing on the bullish side of $17.04 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 bearish strategy, the trade would be profitable if UNITED NATURAL FOODS closes at or below $17.50 on 20-Nov-2020. Based on our risk-neutral analysis, there is a 55.01% 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.