How I Structure High-Probability Income Trades in Hot Stocks Like Oklo

by Chris Pulver | Jun 13, 2025

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Oklo (OKLO) has been one of the hottest movers in the nuclear space lately — and when you see a stock like this ripping higher, the challenge is finding a smart way to trade it without getting caught chasing.

So let’s walk through how I structured a new income trade on OKLO — it’s a great example of how I approach setups like this.

Target a Gap Area to Own Shares on a Dip

The first thing I looked at was where I’d actually want to own shares if the stock pulled back. OKLO had already made a huge move, but if it fell into the $35 to $32 range — where it was just a month ago — that’s a clear gap area where I’d be comfortable stepping in.

That led me to structure a put ratio spread — buying the 32 put and selling the 30 put — going out to the Dec. 19 expiration. The premium on this trade was strong enough to collect a $2 credit, giving me a great setup whether the stock keeps flying or pulls back.

Why This Is a Great Income Trade Setup

The beauty of a structure like this is that you can generate income while positioning for an opportunity to own shares on a dip. In this case, if OKLO pulls back below $30 by expiration, I’d be willing to take assignment — effectively owning the stock around a $26 break-even, once you factor in the $2 credit.

If the stock stays strong and holds above $32, the puts will expire worthless and I’ll keep the full $2 premium as income. Either way, it’s a high-probability setup that lets me take advantage of OKLO’s elevated implied volatility without chasing it after the recent run.

This is exactly the kind of trade I look for when a hot stock is grabbing headlines — and I’ll continue to take shots like this as more names in the nuclear space start popping.

To recap:

The trade is a put ratio spread on Oklo (OKLO).

Specifically:

Buy the 32 put
Sell the 30 put
Collect a $2 credit
Target expiration: Dec. 19

The goal of this trade:

If OKLO stays above $32 → keep the full premium as income
If OKLO falls below $30 → be willing to take assignment and own shares at an effective break-even price around $26

This is a high-probability income trade with a secondary goal of owning shares on a dip.

I’ll see you in the markets.

Chris Pulver
Chris Pulver Trading

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