CSPR - Watching the 6.80 resistance and a potential call spread
Been watching $CSPR for a while now, and it's interesting to see it flirt with the 6.80 level again. It's acted as pretty strong resistance multiple times in the past. If it can get a sustained move above that on decent volume, I'd be looking at a potential bullish scenario. My thinking is a move towards the 7.20-7.30 range, which was previous support that flipped resistance earlier in the year.
From an options perspective, if we see that break above 6.80, I'd consider a call spread, maybe selling the 7.50 strike and buying the 7.00. The risk that invalidates this entire idea, of course, is a rejection at 6.80, pushing it back towards the 6.50s. If it breaks back down below 6.60, the bullish bias is off the table for me. It's a tricky one given the sideways action recently, but the setup could be there.