Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for CLOOPEN GROUP HOLDING LTD (RAAS) for the 21-May-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. RAAS was recently trading at $10.98 and has an implied volatility of 89.95% for this period. Based on an analysis of the options available for RAAS expiring on 21-May-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $10.98-$14.23 at expiration. In this scenario, the average linear return for the trade would be 57.45%. Big 7.75% Change: After closing the last trading session at $10.19, CLOOPEN GROUP HOLDING LTD opened today at $10.15 and has reached a high of $11.12. Trade approach: A movement as big as 7.75% is a significantly bullish indicator, so this trade is designed to be profitable if RAAS maintains its current direction and does not revert back to pricing on the bearish side of $10.98 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 bullish strategy, the trade would be profitable if CLOOPEN GROUP HOLDING LTD closes at or above $10.70 on 21-May-2021. Based on our risk-neutral analysis, there is a 53.98% 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.