Trade Idea for Thursday Feb 27, 2025

I'm selling a CSP for a potential 7.24% return in 22 days. If assigned, I'll acquire the stock at a 7.24% discount and sell covered calls to generate income.

Strategy: Cash Secured Put

This is a bullish strategy with limited risk of $1,678.50 and limited potential reward of $121.50. This strategy will profit if the stock closes above $16.79 by Mar 21, 2025. There is a 66.58% probability this will happen.

The full technical analysis of this trade including the strike price, and how to enter the trade is described in detail below.