ARDX Ardelyx Options Ahead of Earnings

Updated
If you haven`t bought ARDS before it went up 6X:
ARDX Strong upgrade from a top financial firm


Then analyzing the options chain and the chart patterns of ARDX Ardelyx prior to the earnings report this week,
I would consider purchasing the 4usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.45.
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
ARDX traded at $4.09 after earnings, and the Calls went up from $0.45 (when I wrote this article) to $0.70 at the close today (higher intraday), for about 55% gain!
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