Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for QUIDEL (QDEL) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. QDEL was recently trading at $212.00 and has an implied volatility of 74.58% for this period. Based on an analysis of the options available for QDEL expiring on 15-Jan-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $212.05-$290.69 at expiration. In this scenario, the average linear return for the trade would be 85.89%. Big 7.59% Change: After closing the last trading session at $197.04, QUIDEL opened today at $199.50 and has reached a high of $212.34. Trade approach: A movement as big as 7.59% is a significantly bullish indicator, so this trade is designed to be profitable if QDEL maintains its current direction and does not revert back to pricing on the bearish side of $212.00 on 15-Jan-2021. 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 QUIDEL closes at or above $205.70 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 53.84% 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.