Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for BILIBILI INC. AMERICAN DEPOSITARY SHARES (BILI) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. BILI was recently trading at $123.86 and has an implied volatility of 74.52% for this period. Based on an analysis of the options available for BILI expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $95.82-$123.88 at expiration. In this scenario, the average linear return for the trade would be 63.44%. Big -10.75% Change: After closing the last trading session at $138.78, BILIBILI INC. AMERICAN DEPOSITARY SHARES opened today at $134.66 and has reached a low of $123.59. Trade approach: A movement as big as -10.75% is a significantly bearish indicator, so this trade is designed to be profitable if BILI maintains its current direction and does not revert back to pricing on the bullish side of $123.86 on 16-Apr-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 BILIBILI INC. AMERICAN DEPOSITARY SHARES closes at or below $127.75 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 54.77% 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.