Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for DOORDASH INC (DASH) for the 23-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. DASH was recently trading at $143.04 and has an implied volatility of 80.50% for this period. Based on an analysis of the options available for DASH expiring on 23-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $107.71-$143.06 at expiration. In this scenario, the average linear return for the trade would be 52.92%. 52 week low: DOORDASH INC recently reached a new 52-week low at $130.00. DASH had traded in the range $135.38-$256.09 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 DASH maintains its current direction and does not revert back to pricing on the bullish side of $143.04 on 23-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 DOORDASH INC closes at or below $143.07 on 23-Apr-2021. Based on our risk-neutral analysis, there is a 50.01% 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.