Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for SAREPTA THERAPEUTICS INC. COM (SRPT) for the 21-Feb-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SRPT was recently trading at $134.22 and has an implied volatility of 62.63% for this period. Based on an analysis of the options available for SRPT expiring on 21-Feb-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $134.67-$175.63 at expiration. In this scenario, the average linear return for the trade would be 65.95%. Big 33.59% Change: After closing the last trading session at $100.47, SAREPTA THERAPEUTICS INC. COM opened today at $125.50 and has reached a high of $138.79. Trade approach: A movement as big as 33.59% is a significantly bullish indicator, so this trade is designed to be profitable if SRPT maintains its current direction and does not revert back to pricing on the bearish side of $134.22 on 21-Feb-2020. 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 SAREPTA THERAPEUTICS INC. COM closes at or above $133.28 on 21-Feb-2020. Based on our risk-neutral analysis, there is a 51.56% 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.