Quantchabot has detected a new Bull Call Spread trade opportunity for CLOUDFLARE INC (NET) for the 23-Oct-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
NET was recently trading at $339.70 and has an implied volatility of 58.71% for this period. Based on an analysis of the options available for NET expiring on 23-Oct-2026, there is a 34.20% likelihood that the underlying will close within the analyzed range of $340.94-$406.46 at expiration. In this scenario, the average linear return for the trade would be 11.04%.
52 week high: CLOUDFLARE INC recently reached a new 52-week high at $339.78. NET had traded in the range $158.83-$338.00 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if NET maintains its current direction and does not revert back to pricing on the bearish side of $339.70 on 23-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 bullish strategy, the trade would be profitable if CLOUDFLARE INC closes at or above $317.60 on 23-Oct-2026. Based on our risk-neutral analysis, there is a 65.70% 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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