Quantchabot has detected a new Bull Put Spread trade opportunity for BUILD-A-BEAR WORKSHOP (BBW) for the 20-Nov-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
BBW was recently trading at $27.00 and has an implied volatility of 54.42% for this period. Based on an analysis of the options available for BBW expiring on 20-Nov-2026, there is a 34.22% likelihood that the underlying will close within the analyzed range of $27.07-$31.00 at expiration. In this scenario, the average linear return for the trade would be 16.90%.
Big 7.27% Change: After closing the last trading session at $25.17, BUILD-A-BEAR WORKSHOP opened today at $25.77 and has reached a high of $27.23.
Trade approach: A movement as big as 7.27% is a significantly bullish indicator, so this trade is designed to be profitable if BBW maintains its current direction and does not revert back to pricing on the bearish side of $27.00 on 20-Nov-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 BUILD-A-BEAR WORKSHOP closes at or above $26.75 on 20-Nov-2026. Based on our risk-neutral analysis, there is a 53.50% 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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