Been watching OKLO and think the risk/reward on selling a cash-secured put here is solid.
Chart breakdown (Daily):
• Downtrend from $193 highs appears to be bottoming out — higher lows forming since May
• Currently trading $67-73, just reclaimed the 200 EMA ($71.72) — bullish signal after months below it
• White trendline shows a clear rising support structure from the May lows
• RSI at 54, neutral with room to run
• MACD positive with histogram expanding — momentum shifting bullish
• Supply zone at $85.20 is the next target if bulls stay in control
• VPVR shows the $60-70 range is a high-volume node — strong support base
The trade:
• Sell $65 Put, 38 DTE, $600 credit
• Break-even at $59 — stock would need to drop another 12% from here to start losing
• $65 strike sits below the rising trendline support AND below the 200 EMA — two layers of cushion
• NRC just approved the Principal Design Criteria for Oklo’s Aurora powerhouse  — a real fundamental catalyst backing the chart
• If assigned, you’re long a nuclear energy name at an effective cost basis of $59
Max profit: $600 at expiry | Breakeven: $59 | Max loss: Assignment at $65 (-$600 credit)