If you haven`t sold FSLY Head and Shoulders bearish Chart Pattern here:
Then analyzing the options chain and the chart patterns of FSLY Fastly prior to the earnings report this week, I would consider purchasing the $17.50 strike price Calls with an expiration date of2023-9-15, for a premium of approximately $1.97. 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
FSLY traded at $20.58 after earnings, and the calls went up from $1.97 (when I wrote this article) to $3.45 at the close today (higher intraday), for a decent 75% gain!
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