Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for OPKO HEALTH (OPK) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. OPK was recently trading at $4.01 and has an implied volatility of 100.54% for this period. Based on an analysis of the options available for OPK expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $4.01-$6.10 at expiration. In this scenario, the average linear return for the trade would be 98.25%. Big 7.51% Change: After closing the last trading session at $3.73, OPKO HEALTH opened today at $3.78 and has reached a high of $4.02. Trade approach: A movement as big as 7.51% is a significantly bullish indicator, so this trade is designed to be profitable if OPK maintains its current direction and does not revert back to pricing on the bearish side of $4.01 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 OPKO HEALTH closes at or above $3.80 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 55.13% 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.