Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Long Risk Reversal trade opportunity for ATEA PHARMACEUTICALS INC. COMMON STOCK (AVIR) for the 16-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. AVIR was recently trading at $75.55 and has an implied volatility of 93.01% for this period. Based on an analysis of the options available for AVIR expiring on 16-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $75.56-$99.22 at expiration. In this scenario, the average linear return for the trade would be 28.32%. Big 8.24% Change: After closing the last trading session at $69.80, ATEA PHARMACEUTICALS INC. COMMON STOCK opened today at $69.78 and has reached a high of $75.95. Trade approach: A movement as big as 8.24% is a significantly bullish indicator, so this trade is designed to be profitable if AVIR maintains its current direction and does not revert back to pricing on the bearish side of $75.55 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 bullish strategy, the trade would be profitable if ATEA PHARMACEUTICALS INC. COMMON STOCK closes at or above $74.30 on 16-Apr-2021. Based on our risk-neutral analysis, there is a 52.45% 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.