COIN Coinbase Global Options Ahead of Earnings

Updated
Analyzing the options chain and the chart patterns of COIN Coinbase Global prior to the earnings report this week,
I would consider purchasing the 200usd strike price in the money Calls with
an expiration date of 2024-11-15,
for a premium of approximately $21.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.


Trade closed: target reached
COIN traded at $257.68 today, after earnings, and the Calls went up from $21 (when I wrote this article) to $37.75 at the close today, for a decent 80% so far.
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