Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for XEROX HOLDINGS CORP (XRX) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. XRX was recently trading at $15.08 and has an implied volatility of 70.91% for this period. Based on an analysis of the options available for XRX expiring on 17-Jul-2020, there is a 34.13% likelihood that the underlying will close within the analyzed range of $11.20-$15.08 at expiration. In this scenario, the average linear return for the trade would be 62.43%. 52 week low: XEROX HOLDINGS CORP recently reached a new 52-week low at $14.22. XRX had traded in the range $15.01-$39.47 over the past year. Trade approach: Reaching a new 52-week low is a bearish indicator, so this trade is designed to be profitable if XRX maintains its current direction and does not revert back to pricing on the bullish side of $15.08 on 17-Jul-2020. 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 XEROX HOLDINGS CORP closes at or below $15.62 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 54.66% 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.