Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for ENDO INTERNATIONAL PLC ORDINAR (ENDP) for the 30-Jul-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. ENDP was recently trading at $4.08 and has an implied volatility of 332.99% for this period. Based on an analysis of the options available for ENDP expiring on 30-Jul-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $4.09-$7.16 at expiration. In this scenario, the average linear return for the trade would be 61.83%. Big 21.58% Change: After closing the last trading session at $3.36, ENDO INTERNATIONAL PLC ORDINAR opened today at $3.50 and has reached a high of $4.23. Trade approach: A movement as big as 21.58% is a significantly bullish indicator, so this trade is designed to be profitable if ENDP maintains its current direction and does not revert back to pricing on the bearish side of $4.08 on 30-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 bullish strategy, the trade would be profitable if ENDO INTERNATIONAL PLC ORDINAR closes at or above $4.00 on 30-Jul-2021. Based on our risk-neutral analysis, there is a 51.50% 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.