Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for INTERSECT ENT INC. COMMON STO (XENT) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. XENT was recently trading at $19.75 and has an implied volatility of 74.86% for this period. Based on an analysis of the options available for XENT expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $19.75-$26.57 at expiration. In this scenario, the average linear return for the trade would be 25.31%. Big 9.00% Change: After closing the last trading session at $18.12, INTERSECT ENT INC. COMMON STO opened today at $19.70 and has reached a high of $19.89. Trade approach: A movement as big as 9.00% is a significantly bullish indicator, so this trade is designed to be profitable if XENT maintains its current direction and does not revert back to pricing on the bearish side of $19.75 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 INTERSECT ENT INC. COMMON STO closes at or above $19.50 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 51.75% 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.