Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for AFFIRM HOLDINGS INC. CLASS A COMMON STOCK (AFRM) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AFRM was recently trading at $66.51 and has an implied volatility of 65.98% for this period. Based on an analysis of the options available for AFRM expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $53.72-$66.52 at expiration. In this scenario, the average linear return for the trade would be 49.45%. 52 week low: AFFIRM HOLDINGS INC. CLASS A COMMON STOCK recently reached a new 52-week low at $65.31. AFRM had traded in the range $65.65-$146.90 over the past year. Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if AFRM maintains its current direction and does not revert back to pricing on the bullish side of $66.51 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 AFFIRM HOLDINGS INC. CLASS A COMMON STOCK closes at or below $67.15 on 21-May-2021. Based on our risk-neutral analysis, there is a 51.77% 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.