If you haven`t sold when ARK did: or when the CFO left for WMT: or reentered this dip:
Then analyzing the options chain and the chart patterns of CAT Caterpillar prior to the earnings report this week, I would consider purchasing the 73usd strike price at the money Calls with an expiration date of 2023-8-25, for a premium of approximately $4.35. 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 active
I wrote CAT Caterpillar instead of PYPL Paypal in the article, by mistake.
Trade closed: target reached
PYPL traded at $76.55 ahead of earnings, and the calls went up from $4.35 (when I wrote this article) to more than $6.50 for a partial exit on a 50% gain!
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