If you haven`t sold JD before the previous earnings:
Then analyzing the options chain and the chart patterns of JD prior to the earnings report this week, I would consider purchasing the 35usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $1.29. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
JD traded at $35.69 after earnings, on Friday, and the calls went up from $1.29 (when I wrote this article) to $2.16 at the close of the day (even higher intraday), for a gain of about 75%!
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