Then analyzing the options chain and the chart patterns of PEP PepsiCo prior to the earnings report this week, I would consider purchasing the 175usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $4.70. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
PEP reached $180.60. The calls were definitely profitable, but I didn't monitor the options back then.
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