If you haven`t bought META before the previous earnings:
Now analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week, I would consider purchasing the 465usd strike price Calls with an expiration date of 2024-8-2, for a premium of approximately $22.15. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
META traded at $487.52 at expiration, and the Calls went up from $22.15 (when I wrote this article) to $22.52 before the close, for a modest gain.
If you haven`t exited when it was trading at over $501 intraday!
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