Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for TD AMERITRADE HOLDING (AMTD) for the 17-Jul-2020 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AMTD was recently trading at $38.70 and has an implied volatility of 47.49% for this period. Based on an analysis of the options available for AMTD expiring on 17-Jul-2020, there is a 34.14% likelihood that the underlying will close within the analyzed range of $38.71-$46.25 at expiration. In this scenario, the average linear return for the trade would be 25.37%. Big 7.50% Change: After closing the last trading session at $36.00, TD AMERITRADE HOLDING opened today at $37.32 and has reached a high of $38.75. Trade approach: A movement as big as 7.50% is a significantly bullish indicator, so this trade is designed to be profitable if AMTD maintains its current direction and does not revert back to pricing on the bearish side of $38.70 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 bullish strategy, the trade would be profitable if TD AMERITRADE HOLDING closes at or above $37.80 on 17-Jul-2020. Based on our risk-neutral analysis, there is a 55.31% 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.