Analyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week, I would consider purchasing the 150usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $2.46. 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
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ABBV traded at $151.76 after earnings, and the calls are up from $2.46 (when I wrote this article) to $4.75 at the close today (a lot higher intraday), for a decent 95% gain! I think there is more upside for ABBV by the expiration date.