Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for SUNPOWER (SPWR) for the 12-Feb-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. SPWR was recently trading at $32.01 and has an implied volatility of 98.63% for this period. Based on an analysis of the options available for SPWR expiring on 12-Feb-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $24.33-$32.01 at expiration. In this scenario, the average linear return for the trade would be 63.91%. Big -8.75% Change: After closing the last trading session at $35.08, SUNPOWER opened today at $34.38 and has reached a low of $31.55. Trade approach: A movement as big as -8.75% is a significantly bearish indicator, so this trade is designed to be profitable if SPWR maintains its current direction and does not revert back to pricing on the bullish side of $32.01 on 12-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 bearish strategy, the trade would be profitable if SUNPOWER closes at or below $33.15 on 12-Feb-2021. Based on our risk-neutral analysis, there is a 55.06% 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.