Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for ABCELLERA BIOLOGICS INC. COMMON SHARES (ABCL) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ABCL was recently trading at $31.43 and has an implied volatility of 127.60% for this period. Based on an analysis of the options available for ABCL expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $24.21-$31.43 at expiration. In this scenario, the average linear return for the trade would be 39.26%. Big -7.45% Change: After closing the last trading session at $33.96, ABCELLERA BIOLOGICS INC. COMMON SHARES opened today at $36.25 and has reached a low of $30.53. Trade approach: A movement as big as -7.45% is a significantly bearish indicator, so this trade is designed to be profitable if ABCL maintains its current direction and does not revert back to pricing on the bullish side of $31.43 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 ABCELLERA BIOLOGICS INC. COMMON SHARES closes at or below $32.70 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 56.03% 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.