Then analyzing the options chain and the chart patterns of BLK BlackRock prior to the earnings report this week, I would consider purchasing the 760usd strike price Puts with an expiration date of 2024-5-10, for a premium of approximately $11.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
BLK traded at $762.06 after earnings, and the Puts went up from $11.50 (when I wrote this article) to $18.90 at the close today (higher intraday), for about 65% gain!
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