If you haven`t bought CAG before the previous earnings:
Then analyzing the options chain and the chart patterns of CAG Conagra Brands prior to the earnings report this week, I would consider purchasing the 30.50usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $0.32. 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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CAG traded at $31.57 after earnings, and the Calls went up from $0.32 (when I wrote this article) to $0.90 at the close on friday (a lot higher intraday), for about 2.8X gain! Congrats to those who bought the calls!