Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for VIATRIS INC (VTRS) for the 7-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. VTRS was recently trading at $13.17 and has an implied volatility of 80.45% for this period. Based on an analysis of the options available for VTRS expiring on 7-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $10.75-$13.17 at expiration. In this scenario, the average linear return for the trade would be 27.41%. 52 week low: VIATRIS INC recently reached a new 52-week low at $13.01. VTRS had traded in the range $13.11-$18.86 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 VTRS maintains its current direction and does not revert back to pricing on the bullish side of $13.17 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 VIATRIS INC closes at or below $13.20 on 7-May-2021. Based on our risk-neutral analysis, there is a 50.43% 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.