Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for INARI MEDICAL INC. (NARI) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NARI was recently trading at $115.75 and has an implied volatility of 64.77% for this period. Based on an analysis of the options available for NARI expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $94.63-$115.76 at expiration. In this scenario, the average linear return for the trade would be 20.68%. Big -8.08% Change: After closing the last trading session at $125.92, INARI MEDICAL INC. opened today at $120.00 and has reached a low of $114.45. Trade approach: A movement as big as -8.08% is a significantly bearish indicator, so this trade is designed to be profitable if NARI maintains its current direction and does not revert back to pricing on the bullish side of $115.75 on 16-Apr-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 INARI MEDICAL INC. closes at or below $116.00 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 50.42% 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.