Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for LUCIRA HEALTH INC. COMMON STOCK (LHDX) for the 20-Aug-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LHDX was recently trading at $7.29 and has an implied volatility of 150.88% for this period. Based on an analysis of the options available for LHDX expiring on 20-Aug-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $7.29-$11.42 at expiration. In this scenario, the average linear return for the trade would be 118.58%. Big 8.97% Change: After closing the last trading session at $6.69, LUCIRA HEALTH INC. COMMON STOCK opened today at $6.46 and has reached a high of $7.68. Trade approach: A movement as big as 8.97% is a significantly bullish indicator, so this trade is designed to be profitable if LHDX maintains its current direction and does not revert back to pricing on the bearish side of $7.29 on 20-Aug-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 LUCIRA HEALTH INC. COMMON STOCK closes at or above $6.90 on 20-Aug-2021. Based on our risk-neutral analysis, there is a 54.88% 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.