💡Trade Idea for Thursday May 1, 2025
Today's trade idea is a bull put spread. I'm risking $463.00 per contract to collect $237.00 in premium per contract a 51.2% return in 50 days with a 60.25% probability.
Strategy: Bull Put Spread
This is a bullish strategy with limited risk of $463.00 and limited potential reward of $237.00. This strategy will profit if the stock closes above $71.63 by Jun 20, 2025. There is a 60.25% 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:
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