Now analyzing the options chain and the chart patterns of ADSK Autodesk prior to the earnings report this week, I would consider purchasing the 280usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $11.80. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
ADSK traded at $277.66 today and the Calls went up from $11.80 (when I wrote this article) to $16.70 at the close of the day, for a modest 40% gain!
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