FERG Ferguson Options Ahead of Earnings

Analyzing the options chain and the chart patterns of FERG Ferguson prior to the earnings report this week,
I would consider purchasing the 155usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $2.72.
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.

Dagangan ditutup: sasaran tercapai:

FERG reached $170 after the earnings and the Calls went up from $2.72 to at least $15 for about 5.50X gain.