Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for NEW FORTRESS ENERGY LLC (NFE) for the 16-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. NFE was recently trading at $41.23 and has an implied volatility of 52.44% for this period. Based on an analysis of the options available for NFE expiring on 16-Jul-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $34.86-$41.23 at expiration. In this scenario, the average linear return for the trade would be 37.22%. Big -8.16% Change: After closing the last trading session at $44.89, NEW FORTRESS ENERGY LLC opened today at $45.19 and has reached a low of $40.68. Trade approach: A movement as big as -8.16% is a significantly bearish indicator, so this trade is designed to be profitable if NFE maintains its current direction and does not revert back to pricing on the bullish side of $41.23 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 NEW FORTRESS ENERGY LLC closes at or below $41.40 on 16-Jul-2021. Based on our risk-neutral analysis, there is a 50.99% 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.