Analyzing the options chain and the chart patterns of CAN Canaan prior to the earnings report this week, I would consider purchasing the 1.50usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $0.77. 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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CAN traded at $2.19 after earnings and the calls were for sure profitable, but I haven`t monitored the options back then.