Then analyzing the options chain of ORCL Oracle Corporation prior to the earnings report this week, I would consider purchasing the 110usd strike price Calls with an expiration date of 2023-7-21, for a premium of approximately $4.65. 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
ORCL trading at $123.99 after earnings and the calls went higher than $15. This was a 3X trade!
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