Big Loser Alert: Trading today’s -7.3% move in TASKUS INC. CLASS A COMMON STOCK $TASK

Quantcha now offering unlimited commission-free options trading.

Quantchabot has detected a promising Short Risk Reversal trade opportunity for TASKUS INC. CLASS A COMMON STOCK (TASK) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.

TASK was recently trading at $63.17 and has an implied volatility of 90.77% for this period. Based on an analysis of the options available for TASK expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $48.21-$63.17 at expiration. In this scenario, the average linear return for the trade would be 48.80%.

Big -7.27% Change: After closing the last trading session at $68.12, TASKUS INC. CLASS A COMMON STOCK opened today at $69.66 and has reached a low of $60.31.

Trade approach: A movement as big as -7.27% is a significantly bearish indicator, so this trade is designed to be profitable if TASK maintains its current direction and does not revert back to pricing on the bullish side of $63.17 on 15-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 TASKUS INC. CLASS A COMMON STOCK closes at or below $64.20 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 52.37% 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.