Option pick for April

I decided to sell $12.50 puts for the month of April on CZZ.  The stock price is really close to the strike price, allowing me to make more money. 

I am thinking that the stock price will touch down on $12.50 in the next few days, where the red line crosses the lower blue line on the chart below.   The stock price will then bounce up staying within the blue channel.

There has been a lot of talk in the news about the price of food going up. Which I think will only drive the stock price up.

Chart 1: Cosan LTD (ticker symbol: CZZ)