Analyzing the options chain and the chart patterns of BUR Burford Capital Limited prior to the earnings report this week, I would consider purchasing the 15usd strike price in the money Calls with an expiration date of 2023-10-20, for a premium of approximately $1.60. 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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BUR reached $17.69 after earnings, but I haven`t monitored the options. They were profitable for sure back then. Probably 2X.