Chym options plays

🔎 Chart Analysis (1H)
• Current price: ~$34
• Support: 32–33 zone (recent bounce area)
• Resistance: 35–36, then 40 (major target)
• Structure: Multiple BoS (Break of Structure) and CHoCH levels show accumulation and trend reversal signs.
• Bias: If it holds above 32, the move toward 40 looks possible by September.

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🎯 Options Play Ideas (Target = $40 by September)

1. Bull Call Spread (Defined Risk)
• Buy Sept $35 Call
• Sell Sept $40 Call
• This lowers cost vs straight calls and defines max profit.
• Breakeven ≈ $36 (depends on premium), max gain if CHYM hits $40+.

2. Straight Call (Aggressive Play)
• Buy Sept $35 Call
• Higher cost, unlimited upside, but theta decay risk if CHYM stalls.

3. Cash-Secured Put (If okay owning stock lower)
• Sell Sept $32.5 Put
• Collect premium. If stock stays above 32.5, you keep it. If not, you’re assigned at effective discount.

4. Diagonal Call Spread (If expecting a gradual move)
• Buy Sept $35 Call
• Sell Aug $37.5 Call
• Reduces cost, profits from slower grind up.