Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for INTELLIA THERAPEUTICS INC. COMMON STOCK (NTLA) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NTLA was recently trading at $74.79 and has an implied volatility of 88.38% for this period. Based on an analysis of the options available for NTLA expiring on 19-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $58.24-$74.80 at expiration. In this scenario, the average linear return for the trade would be 56.18%. Big -7.16% Change: After closing the last trading session at $80.56, INTELLIA THERAPEUTICS INC. COMMON STOCK opened today at $81.69 and has reached a low of $74.00. Trade approach: A movement as big as -7.16% is a significantly bearish indicator, so this trade is designed to be profitable if NTLA maintains its current direction and does not revert back to pricing on the bullish side of $74.79 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 INTELLIA THERAPEUTICS INC. COMMON STOCK closes at or below $76.85 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 54.31% 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.