Aug. 6 at 3:31 PM
$BFLY On August 12, 2022 BFLY traded up to an intraday high of
$8.65. At the end of July 2022 the stock was
$4.30. By April of 2024 the stock dipped all the way down to
$0.67. I'm sure there will be some selling pressure in the
$8 -
$9 range and we might even see the stock dip back toward the
$7.50 strike price for the August 21st option expiration. It is encouraging to see the stock move up on heavy volume and then retreat on lighter volume. At some point the various market indexes will go through a pullback and that will also keep a lid on BFLY in the short term. Buying at
$8.39 will look really good sometime in the future. Today the probability of a move higher could be the flip of a coin.
