Then analyzing the options chain and the chart patterns of AEHR Aehr Test Systems prior to the earnings report this week, I would consider purchasing the 45usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $4.00. 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.
Trade closed: target reached
AEHR traded at $31.50 after earnings, and the Puts went up from $4 (when I wrote this article) to $13.40 at the close today, for a fantastic 3.35X gain!
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