Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for TPI COMPOSITES INC (TPIC) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. TPIC was recently trading at $61.94 and has an implied volatility of 71.65% for this period. Based on an analysis of the options available for TPIC expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $49.59-$61.95 at expiration. In this scenario, the average linear return for the trade would be 47.59%. Big -10.26% Change: After closing the last trading session at $69.02, TPI COMPOSITES INC opened today at $66.98 and has reached a low of $61.22. Trade approach: A movement as big as -10.26% is a significantly bearish indicator, so this trade is designed to be profitable if TPIC maintains its current direction and does not revert back to pricing on the bullish side of $61.94 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 bearish strategy, the trade would be profitable if TPI COMPOSITES INC closes at or below $63.35 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 54.00% 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.