If you haven`t sold BLK here: or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of BLK BlackRock prior to the earnings report this week, I would consider purchasing the 640usd strike price Puts with an expiration date of 2023-10-13, for a premium of approximately $10.80. 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
BLK traded at $620.24 at the expiration, and the Puts went up from $10.80 to $19.76 for about 80% gain!
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