Trade Idea for Tuesday Feb. 11, 2025
I'm trading a bull put spread today. I'm risking $237 per contract for a potential reward of $163 for a 68.78% return
Strategy: Bull Put Credit Spread
This is a bullish strategy with limited risk of $237.00 and limited potential reward of $163.00. This strategy will profit if the stock closes above $51.37 by Mar 28, 2025. There is a 55.39% 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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