Then analyzing the options chain and the chart patterns of DOCU DocuSign prior to the earnings report this week, I would consider purchasing the 55usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $1.73. 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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DOCU traded at $58.52 after earnings, and the calls went up from $1.73 (when I wrote this article) to $3.50 at the close yesterday (higher intraday), for about 2X gain!