Analyzing the options chain and the chart patterns of ALT Altimmune prior to the earnings report this week, I would consider purchasing the 9usd strike price at the money Calls with an expiration date of 2024-6-21, for a premium of approximately $2.22. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
⋅
ALT traded at $10.50 after earnings, and the Calls went up from $2.22 (when I wrote this article) to $3.10 at the close today (a lot higher intraday), for about 40% gain!