Then analyzing the options chain and the chart patterns of LOW Lowe's Companies prior to the earnings report this week, I would consider purchasing the 230usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $11.15. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
LOW traded at $242.16 after earnings, and the calls went up from $11.15 (when I wrote this article) to $14.75 at the close yesterday (higher intraday), for about 35% gain!
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