Guidewire is on a bullrun, the price may increase further(1) The price was repeatedly rejected near the 130 level before experiencing a significant drop.
(2) After a substantial correction, the price found support around the 52 level and surged upwards with great momentum.
(3) Ultimately, the price successfully broke through its previous resistance on high volume and is now holding above the breakout level.
Guidewire
GWRE Guidewire Software Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GWRE Guidewire Software prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.82.
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.