Analyzing the options chain and the chart patterns of FERG Ferguson prior to the earnings report this week, I would consider purchasing the 155usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $2.72. 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
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FERG reached $170 after the earnings and the Calls went up from $2.72 to at least $15 for about 5.50X gain.