$CLSK: Neutral-to-bullish Momentum, 3 Strategic Options to Learn

Based on the technical analysis showing $CleanSpark, Inc.(CLSK)$ at $11.48 with neutral-to-bullish momentum and the options data revealing extremely high implied volatility (107.98%),

Here are three strategic options to Learn:

【Strategy One: Long Straddle】

View: High Volatility Expected with Directional Uncertainty

Option Contract Portfolio:

• Buy 1 CLSK 12/05/25 $11.5 Call @ $0.90

• Buy 1 CLSK 12/05/25 $11.5 Put @ $0.87

• Strike Date: December 5, 2025

• Max Gain: Unlimited (upside), Limited by strike price (downside)

• Max Loss: $177 (total premium paid)

• Limited Cost: $177 per straddle

• Delta: Near neutral (~0.07)

• Theta: -0.076 (time decay working against position)

• Gamma: 0.377 (high sensitivity to price moves)

• Vega: 0.016 (positive exposure to volatility increases)

• Rho: Minimal impact

• Rationale: "With IV at 107.98% and the stock breaking resistance at $11.36, this straddle capitalizes on expected high volatility around the $14.00 resistance test. The 58.40% IV percentile suggests volatility may continue expanding, favoring long volatility positions."
  Time Frame: Short-term (10 days to expiration)

【Strategy Two: Bull Call Spread】

View: Moderately Bullish with Controlled Risk

Option Contract Portfolio:

• Buy 1 CLSK 11/28/25 $11.5 Call @ $0.62

• Sell 1 CLSK 11/28/25 $13.0 Call @ $0.18

• Strike Date: November 28, 2025

• Max Gain: $126 (at $13.00 or above)

• Max Loss: $44 (net premium paid)

• Limited Cost: $44 per spread

• Delta: 0.31 (moderate directional exposure)

• Theta: -0.004 (slightly negative but manageable)

• Gamma: 0.07 (reasonable sensitivity to moves)

• Vega: -0.001 (slightly short volatility)

• Rho: Minimal impact

• Rationale: "Given the bullish technical setup with RSI recovery to 45.56 and volume surge, this spread targets the $13-14 resistance zone while limiting downside risk. The short call helps offset high IV costs."

• Time Frame: Very short-term (3 days to expiration)

【Strategy Three: Iron Condor】

View: Range-bound Trading Expected

Option Contract Portfolio:

• Sell 1 CLSK 12/05/25 $10.0 Put @ $0.27

• Buy 1 CLSK 12/05/25 $9.0 Put @ $0.11

• Sell 1 CLSK 12/05/25 $13.0 Call @ $0.37

• Buy 1 CLSK 12/05/25 $14.0 Call @ $0.21

• Strike Date: December 5, 2025

• Max Gain: $32 (if stock stays between $10-$13)

• Max Loss: $68 (if stock moves beyond wings)

• Limited Cost: $68 per condor

• Delta: Near neutral (~0.02)

• Theta: +0.07 (positive time decay benefit)

• Gamma: -0.10 (short gamma exposure)

• Vega: -0.007 (benefits from volatility contraction)

• Rho: Minimal impact

• Rationale: "With the stock consolidating around $11.48 and facing strong resistance at $14.00, this condor profits from range-bound movement while collecting premium from elevated IV levels. The $10.60-$14.00 technical range aligns well with the strike selection."

• Time Frame: Short-term (10 days for theta collection)