Analyzing the options chain and the chart patterns of DLR Digital Realty Trust prior to the earnings report this week, I would consider purchasing the 115usd strike price Puts with an expiration date of 2023-8-18, for a premium of approximately $2.35. 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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DLR traded at $114.94 before earnings, and the Puts are up from $2.35 (when I wrote this article) to $4.00 at the close today (even higher intraday), for a decent 70% gain! For me it`s an exit.