Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for VIACOMCBS INC CLASS B (VIAC) for the 30-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VIAC was recently trading at $90.95 and has an implied volatility of 65.29% for this period. Based on an analysis of the options available for VIAC expiring on 30-Apr-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $73.60-$90.96 at expiration. In this scenario, the average linear return for the trade would be 46.19%. Big -9.36% Change: After closing the last trading session at $100.34, VIACOMCBS INC CLASS B opened today at $92.60 and has reached a low of $90.53. Trade approach: A movement as big as -9.36% is a significantly bearish indicator, so this trade is designed to be profitable if VIAC maintains its current direction and does not revert back to pricing on the bullish side of $90.95 on 30-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 VIACOMCBS INC CLASS B closes at or below $91.96 on 30-Apr-2021. Based on our risk-neutral analysis, there is a 52.06% 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.