Analyzing the options chain and the chart patterns of ALT Altimmune prior to the earnings report this week, I would consider purchasing the 3.00usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $0.99. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Thank you for sharing your chart, isn't bio industry very tricky to short, since all they need is a approval of one of their medicines and things take off? Same as sell-off, when there are some 'trouble' with the results. Curious after your thoughts!
TopgOptions
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@JAD77, I agree with you. That`s why I don`t short, I buy puts.
JAD77
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@TopgOptions, Yes good point, what do you still as some kind of profit taking area for puts?
Same as sell-off, when there are some 'trouble' with the results. Curious after your thoughts!