ROKU Options Ahead of Earnings for NASDAQ:ROKU by TopgOptions

ROKU Options Ahead of Earnings

If you haven`t sold ROKU`s double top:

ROKU double TOP | Less Streaming Viewing

Or bought the dip here:

Then analyzing the options chain and the chart patterns of ROKU prior to the earnings report this week,
I would consider purchasing the 75usd strike price puts with
an expiration date of 2023-8-25,
for a premium of approximately $7.45.
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

ROKU traded at $67.70 before earnings, and the Puts are up from $7.45 (when I wrote this article) to $10.05 at the close today (even higher intraday), for a decent 40% gain! It`s a partial exit, in my opinion.

TopgOptions

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