Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for FOSSIL GROUP INC. COMMON STOC (FOSL) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. FOSL was recently trading at $9.64 and has an implied volatility of 76.64% for this period. Based on an analysis of the options available for FOSL expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $9.64-$13.13 at expiration. In this scenario, the average linear return for the trade would be 55.16%. Big 7.23% Change: After closing the last trading session at $8.99, FOSSIL GROUP INC. COMMON STOC opened today at $8.77 and has reached a high of $9.70. Trade approach: A movement as big as 7.23% is a significantly bullish indicator, so this trade is designed to be profitable if FOSL maintains its current direction and does not revert back to pricing on the bearish side of $9.64 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 FOSSIL GROUP INC. COMMON STOC closes at or above $9.45 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 52.60% 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.