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Quantchabot has detected a promising Short Risk Reversal trade opportunity for BIONTECH SE (BNTX) for the 29-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
BNTX was recently trading at $323.64 and has an implied volatility of 72.60% for this period. Based on an analysis of the options available for BNTX expiring on 29-Oct-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $249.87-$323.68 at expiration. In this scenario, the average linear return for the trade would be 55.70%.
Big -7.32% Change: After closing the last trading session at $349.19, BIONTECH SE opened today at $348.19 and has reached a low of $323.42.
Trade approach: A movement as big as -7.32% is a significantly bearish indicator, so this trade is designed to be profitable if BNTX maintains its current direction and does not revert back to pricing on the bullish side of $323.64 on 29-Oct-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 BIONTECH SE closes at or below $329.60 on 29-Oct-2021. Based on our risk-neutral analysis, there is a 52.79% 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.