Then analyzing the options chain and chart patterns of TDOC Teladoc prior to the earnings report this week, I would consider purchasing the 20usd in the money strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $5.90. 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
TDOC trading at $29.20 after earnings, and the calls are up from $5.90 (when I wrote this article) to $10.45 at the close today (even higher intraday), for a decent 80% gain! Still bullish, in my opinion.
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