Analyzing the options chain of BURL Burlington Stores prior to the earnings report this week, I would consider purchasing the 175usd strike price Calls with an expiration date of 2023-6-9, for a premium of approximately $7.05. 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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BURL reached $178 after the earnings. I haven`t monitored the options back then.