Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for CREDICORP (BAP) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BAP was recently trading at $133.85 and has an implied volatility of 71.04% for this period. Based on an analysis of the options available for BAP expiring on 16-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $106.00-$133.86 at expiration. In this scenario, the average linear return for the trade would be 30.69%. Big -10.47% Change: After closing the last trading session at $149.51, CREDICORP opened today at $139.28 and has reached a low of $131.52. Trade approach: A movement as big as -10.47% is a significantly bearish indicator, so this trade is designed to be profitable if BAP maintains its current direction and does not revert back to pricing on the bullish side of $133.85 on 16-Jul-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 CREDICORP closes at or below $135.80 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 52.46% 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.