Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Short Risk Reversal trade opportunity for GSX TECHEDU INC (GSX) for the 30-Apr-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. GSX was recently trading at $27.06 and has an implied volatility of 201.52% for this period. Based on an analysis of the options available for GSX expiring on 30-Apr-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $19.95-$27.06 at expiration. In this scenario, the average linear return for the trade would be 76.15%. Big -8.74% Change: After closing the last trading session at $29.65, GSX TECHEDU INC opened today at $30.20 and has reached a low of $26.67. Trade approach: A movement as big as -8.74% is a significantly bearish indicator, so this trade is designed to be profitable if GSX maintains its current direction and does not revert back to pricing on the bullish side of $27.06 on 30-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 GSX TECHEDU INC closes at or below $28.02 on 30-Apr-2021. Based on our risk-neutral analysis, there is a 54.55% 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.