Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for PG&E (PCG) for the 3-Apr-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. PCG was recently trading at $17.37 and has an implied volatility of 68.84% for this period. Based on an analysis of the options available for PCG expiring on 3-Apr-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $17.41-$22.52 at expiration. In this scenario, the average linear return for the trade would be 49.49%. Big 7.97% Change: After closing the last trading session at $16.09, PG&E opened today at $16.49 and has reached a high of $17.45. Trade approach: A movement as big as 7.97% is a significantly bullish indicator, so this trade is designed to be profitable if PCG maintains its current direction and does not revert back to pricing on the bearish side of $17.37 on 3-Apr-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 PG&E closes at or above $17.38 on 3-Apr-2020. Based on our risk-neutral analysis, there is a 50.25% 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.