Quantchabot has detected a promising Bull Call Spread trade opportunity for CLEANSPARK INC. COMMON STOCK (CLSK) for the 15-Dec-2023 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
CLSK was recently trading at $4.26 and has an implied volatility of 114.68% for this period. Based on an analysis of the options available for CLSK expiring on 15-Dec-2023, there is a 34.17% likelihood that the underlying will close within the analyzed range of $4.30-$6.76 at expiration. In this scenario, the average linear return for the trade would be 52.20%.
Big 10.21% Change: After closing the last trading session at $3.87, CLEANSPARK INC. COMMON STOCK opened today at $4.09 and has reached a high of $4.41.
Trade approach: A movement as big as 10.21% is a significantly bullish indicator, so this trade is designed to be profitable if CLSK maintains its current direction and does not revert back to pricing on the bearish side of $4.26 on 15-Dec-2023. 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 CLEANSPARK INC. COMMON STOCK closes at or above $4.05 on 15-Dec-2023. Based on our risk-neutral analysis, there is a 55.34% 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.