Analyzing the options chain and the chart patterns of BMO Bank of Montreal prior to the earnings report this week, I would consider purchasing the 85usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $3.80. 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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BMO traded at $87.07 after earnings, and the calls went up from $3.80 (when I wrote this article) to $4.50 at the close today - when the stock was only $85.26. You need to constantly monitor the options for bigger gains!