Analyzing the options chain and the chart patterns of DBI Designer Brands prior to the earnings report this week, I would consider purchasing the 12usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $0.65. 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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DBI traded at $13.44 after earnings, and the calls went up from $0.65 (when I wrote this article) to $1.25 at the close today (a lot higher intraday), for about 2X gain!