jazzyxx
05-20

$CleanSpark, Inc.(CLSK)$

Here's a CSP setup on CLSK that I like. Strike of $13.50 expiring on June 14, 2024. Received $50/contract on Friday. Potential 3.7% return in 28 days Delta = 0.17 (~83% chance of expiring worthless)

My reasoning for the strike price (see chart): $13.5 level coincides with a major support level (resistance in Dec 2023 and support in Feb/Apr 2024) additional support level at $15 above the strike RSI moving up again from recent oversold levels strike price was at the lower limit of the expected stock price range based on the IV (implied volatility)


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