Quantchabot has detected a new Bear Call Spread trade opportunity for CLOUDFLARE INC (NET) for the 6-Feb-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
NET was recently trading at $166.37 and has an implied volatility of 64.23% for this period. Based on an analysis of the options available for NET expiring on 6-Feb-2026, there is a 34.86% likelihood that the underlying will close within the analyzed range of $156.01-$166.43 at expiration. In this scenario, the average linear return for the trade would be 24.99%.
Big -8.80% Change: After closing the last trading session at $182.42, CLOUDFLARE INC opened today at $181.66 and has reached a low of $166.16.
Trade approach: A movement as big as -8.80% is a significantly bearish indicator, so this trade is designed to be profitable if NET maintains its current direction and does not revert back to pricing on the bullish side of $166.37 on 6-Feb-2026. 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 CLOUDFLARE INC closes at or below $166.58 on 6-Feb-2026. Based on our risk-neutral analysis, there is a 50.57% 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.

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