Entry Opportunity Could Prove Profitable for Tech Bulls

Group 1 - Cloudflare Inc (NYSE:NET) is currently trading above its previous all-time high breakout and 20-day moving average, indicating a potential upward trend towards a target of 220-strike by July expiration [1] - The stock's 50-day put/call volume ratio is higher than 72% of readings from the past year, suggesting a potential unwinding of bearish sentiment that could provide tailwinds for the stock [3] - Options are currently affordably priced, with a Schaeffer's Volatility Index (SVI) of 43% ranking in the 14th percentile of its annual range, indicating lower-than-usual volatility expectations [4] Group 2 - The Schaeffer's Volatility Scorecard (SVS) for Cloudflare is at 80 out of 100, suggesting that the stock has historically exceeded volatility expectations over the past year [4] - A recommended call option has a leverage ratio of 5.2, indicating that it will double in value with a 21.6% increase in the underlying equity [5]