Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for AGIOS PHARMACEUTICALS INC (AGIO) for the 15-Jan-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AGIO was recently trading at $37.41 and has an implied volatility of 65.19% for this period. Based on an analysis of the options available for AGIO expiring on 15-Jan-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $30.30-$37.41 at expiration. In this scenario, the average linear return for the trade would be 35.32%. Big -14.58% Change: After closing the last trading session at $43.79, AGIOS PHARMACEUTICALS INC opened today at $39.50 and has reached a low of $36.37. Trade approach: A movement as big as -14.58% is a significantly bearish indicator, so this trade is designed to be profitable if AGIO maintains its current direction and does not revert back to pricing on the bullish side of $37.41 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 bearish strategy, the trade would be profitable if AGIOS PHARMACEUTICALS INC closes at or below $38.30 on 15-Jan-2021. Based on our risk-neutral analysis, there is a 54.42% 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.