CAN Canaan Options Ahead of Earnings

Updated
If you haven`t bought CAN before the previous earnings:
CAN Canaan Options Ahead of Earnings


Then analyzing the options chain and the chart patterns of CAN Canaan prior to the earnings report this week,
I would consider purchasing the 1usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.08.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
CAN traded at $1.29 after the earnings release at the market open on Friday, and the calls were up 3.6x at that point. If you waited for the closing bell, the stock price faded.
CALLcalloptionscallscancanaanFundamental AnalysisTechnical IndicatorsoptionputputsTrend Analysis

Also on:

Related publications

Disclaimer