Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for MARATHON DIGITAL HOLDINGS INC (MARA) for the 7-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. MARA was recently trading at $47.28 and has an implied volatility of 126.40% for this period. Based on an analysis of the options available for MARA expiring on 7-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $34.34-$47.29 at expiration. In this scenario, the average linear return for the trade would be 79.95%. Big -7.29% Change: After closing the last trading session at $51.00, MARATHON DIGITAL HOLDINGS INC opened today at $50.96 and has reached a low of $46.03. Trade approach: A movement as big as -7.29% is a significantly bearish indicator, so this trade is designed to be profitable if MARA maintains its current direction and does not revert back to pricing on the bullish side of $47.28 on 7-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 MARATHON DIGITAL HOLDINGS INC closes at or below $55.95 on 7-May-2021. Based on our risk-neutral analysis, there is a 70.05% 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.