Looking at the ASAN Asana options chain ahead of earnings , I would buy the $17.5 strike price Calls with 2023-3-17 expiration date for about $1.30 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Trade closed: target reached
ASAN traded at $22.95 today, after the earnings. Calls trading at $5.00 from $1.30 when i wrote the article. A decent 380% gain!
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