Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for UPSTART HOLDINGS INC. COMMON STOCK (UPST) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. UPST was recently trading at $103.91 and has an implied volatility of 91.71% for this period. Based on an analysis of the options available for UPST expiring on 21-May-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $77.21-$103.92 at expiration. In this scenario, the average linear return for the trade would be 78.16%. Big -7.60% Change: After closing the last trading session at $112.46, UPSTART HOLDINGS INC. COMMON STOCK opened today at $111.88 and has reached a low of $103.50. Trade approach: A movement as big as -7.60% is a significantly bearish indicator, so this trade is designed to be profitable if UPST maintains its current direction and does not revert back to pricing on the bullish side of $103.91 on 21-May-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 UPSTART HOLDINGS INC. COMMON STOCK closes at or below $123.20 on 21-May-2021. Based on our risk-neutral analysis, there is a 71.66% 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.