If you haven`t bought AA before the previous earnings:
Then analyzing the options chain and the chart patterns of AA Alcoa Corporation prior to the earnings report this week, I would consider purchasing the 30usd strike price at the money Puts with an expiration date of 2024-1-19, for a premium of approximately $1.13. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
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AA closed at $27.36 at expiration, and the $30 strike price puts went from $1.13 to $2.64, resulting in a 2.33X gain!