Quantcha now offering unlimited commission-free options trading.
Quantchabot has detected a promising Long Risk Reversal trade opportunity for ANGI INC (ANGI) for the 15-Oct-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
ANGI was recently trading at $11.46 and has an implied volatility of 59.12% for this period. Based on an analysis of the options available for ANGI expiring on 15-Oct-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $11.46-$13.63 at expiration. In this scenario, the average linear return for the trade would be 34.49%.
Big 7.10% Change: After closing the last trading session at $10.70, ANGI INC opened today at $11.23 and has reached a high of $12.05.
Trade approach: A movement as big as 7.10% is a significantly bullish indicator, so this trade is designed to be profitable if ANGI maintains its current direction and does not revert back to pricing on the bearish side of $11.46 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 bullish strategy, the trade would be profitable if ANGI INC closes at or above $11.35 on 15-Oct-2021. Based on our risk-neutral analysis, there is a 52.24% 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.