Quantchabot has detected a new Bull 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 $9.54 and has an implied volatility of 87.47% for this period. Based on an analysis of the options available for BFLY expiring on 16-Oct-2026, there is a 34.22% likelihood that the underlying will close within the analyzed range of $9.57-$12.01 at expiration. In this scenario, the average linear return for the trade would be 10.34%.
Big 17.20% Change: After closing the last trading session at $8.14, BUTTERFLY NETWORK INC opened today at $8.85 and has reached a high of $9.73.
Trade approach: A movement as big as 17.20% is a significantly bullish indicator, so this trade is designed to be profitable if BFLY maintains its current direction and does not revert back to pricing on the bearish side of $9.54 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 bullish strategy, the trade would be profitable if BUTTERFLY NETWORK INC closes at or above $9.25 on 16-Oct-2026. Based on our risk-neutral analysis, there is a 55.89% 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.
Leave a Reply
You must be logged in to post a comment.