Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for APPIAN CORPORATION CLASS A COMMON STOCK (APPN) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. APPN was recently trading at $121.06 and has an implied volatility of 67.57% for this period. Based on an analysis of the options available for APPN expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $121.13-$170.14 at expiration. In this scenario, the average linear return for the trade would be 65.60%. 52 week high: APPIAN CORPORATION CLASS A COMMON STOCK recently reached a new 52-week high at $122.00. APPN had traded in the range $29.07-$109.53 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if APPN maintains its current direction and does not revert back to pricing on the bearish side of $121.06 on 19-Feb-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 APPIAN CORPORATION CLASS A COMMON STOCK closes at or above $120.20 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.90% 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.