Analyzing the options chain and the chart patterns of AMZN Amazon prior to the earnings report this week, I would consider purchasing the 160usd strike price Calls with an expiration date of 2024-9-20, for a premium of approximately $19.05. 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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AMZN traded at $172.50 after earnings, and the Calls went up from $19.05 (when I wrote this article) to $25.75 at the close on Friday (higher intraday), for about 35% gain!