CSX Corporation Options Ahead of Earnings

Jul 22

If you haven`t bought CSX before the rally:

Now analyzing the options chain and the chart patterns of CSX Corporation prior to the earnings report this week,
I would consider purchasing the 50usd strike price Calls with
an expiration date of 2026-7-24,
for a premium of approximately $1.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Aug 2

Trade closed: target reached

CSX closed at $53.26 at expiration, and the calls rallied from $1.10 (when I wrote this article) to $3.26, resulting in an approximately 3x gain!