Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for STITCH FIX INC. CLASS A COMMON STOCK (SFIX) for the 12-Mar-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SFIX was recently trading at $83.30 and has an implied volatility of 109.48% for this period. Based on an analysis of the options available for SFIX expiring on 12-Mar-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $58.16-$83.31 at expiration. In this scenario, the average linear return for the trade would be 45.05%. Big -12.72% Change: After closing the last trading session at $95.44, STITCH FIX INC. CLASS A COMMON STOCK opened today at $95.30 and has reached a low of $82.64. Trade approach: A movement as big as -12.72% is a significantly bearish indicator, so this trade is designed to be profitable if SFIX maintains its current direction and does not revert back to pricing on the bullish side of $83.30 on 12-Mar-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 STITCH FIX INC. CLASS A COMMON STOCK closes at or below $85.45 on 12-Mar-2021. Based on our risk-neutral analysis, there is a 52.81% 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.