Quantchabot has detected a new Bear Call Spread trade opportunity for BUTTERFLY NETWORK INC (BFLY) for the 16-Oct-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
BFLY was recently trading at $7.83 and has an implied volatility of 88.31% for this period. Based on an analysis of the options available for BFLY expiring on 16-Oct-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $5.74-$7.87 at expiration. In this scenario, the average linear return for the trade would be 71.01%.
Big -7.12% Change: After closing the last trading session at $8.43, BUTTERFLY NETWORK INC opened today at $8.34 and has reached a low of $7.79.
Trade approach: A movement as big as -7.12% is a significantly bearish indicator, so this trade is designed to be profitable if BFLY maintains its current direction and does not revert back to pricing on the bullish side of $7.83 on 16-Oct-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 BUTTERFLY NETWORK INC closes at or below $8.15 on 16-Oct-2026. Based on our risk-neutral analysis, there is a 54.43% 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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