CSCO Cisco Systems Options Ahead of Earnings

If you haven`t sold CSCO here:

Or reentered here:

Then analyzing the options chain and the chart patterns of CSCO Cisco Systems prior to the earnings report this week,
I would consider purchasing the 53usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $1.77.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.

Operación cerrada: objetivo alcanzado:

CSCO traded at $55.83 after earnings, and the calls went up from $1.77 (when I wrote this article) to $2.95 intraday, for a decent 70% gain!