Then analyzing the options chain and the chart patterns of MA Mastercard Incorporated prior to the earnings report this week, I would consider purchasing the 380usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $14.65. 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
MA traded at $359.77 after earnings, and the Puts went up from $14.65 (when I wrote this article) to $22.75 at the close today (a lot higher intraday), for about 55% gain!
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