Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for APPIAN CORPORATION CLASS A COMMON STOCK (APPN) for the 19-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. APPN was recently trading at $119.53 and has an implied volatility of 67.26% for this period. Based on an analysis of the options available for APPN expiring on 19-Feb-2021, there is a 34.13% likelihood that the underlying will close within the analyzed range of $119.60-$167.75 at expiration. In this scenario, the average linear return for the trade would be 69.24%. Big 7.76% Change: After closing the last trading session at $110.93, APPIAN CORPORATION CLASS A COMMON STOCK opened today at $112.00 and has reached a high of $119.66. Trade approach: A movement as big as 7.76% is a significantly bullish indicator, so this trade is designed to be profitable if APPN maintains its current direction and does not revert back to pricing on the bearish side of $119.53 on 19-Feb-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 APPIAN CORPORATION CLASS A COMMON STOCK closes at or above $119.10 on 19-Feb-2021. Based on our risk-neutral analysis, there is a 50.50% 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.