Then analyzing the options chain and the chart patterns of QS QuantumScape Corporation prior to the earnings report this week, I would consider purchasing the 10usd strike price in the money Puts with an expiration date of 2023-8-4, for a premium of approximately $1.17. 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
QS traded at $7.69 after earnings, and the Puts went up from $1.17 (when I wrote this article) to $2.00 at the close today (a lot higher intraday), for a decent 70% gain!
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