Then analyzing the options chain and the chart patterns of ABT Abbott Laboratories prior to the earnings report this week, I would consider purchasing the 91usd strike price Calls with an expiration date of 2023-10-27, for a premium of approximately $3.15. 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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ABT traded at $98.14 after earnings, and the Calls went up from $3.15 (when I wrote this article) to $6.10 at the close today (a lot higher intraday), for almost 95% gain!
Hi, you got it correct! But what is the reason you are focused on such short term? Any view on longer horizon? It can go at least to 100$ short term and by EOY to 110ish..
TopgOptions
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@Russel96953, Hello, the reason is the big upside potential of short term options.