If you haven`t bought GOLD prior to the Double Top:
Then analyzing the options chain and the chart patterns of GOLD Barrick Gold Corporation prior to the earnings report this week, I would consider purchasing the 16usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.96. 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
GOLD traded at $16.91 after earnings, and the calls went up from $0.96 (when I wrote this article), to $1.18 intraday, for more than 20% gain so far!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.