If you haven`t entered SPOT in the potential Buy area:
Now analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week, I would consider purchasing the 420usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $20.95. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
SPOT traded at $474 on friday, after earnings, and the Calls went up from $20.95 (when I wrote this article) to $51.65 at the close of the day, for a decent 2.46X gain!
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