TopgOptions

FERG Ferguson Options Ahead of Earnings

Long
TopgOptions Updated   
BATS:FERG   Ferguson plc
Analyzing the options chain and the chart patterns of FERG Ferguson prior to the earnings report this week,
I would consider purchasing the 155usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $2.72.
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:
FERG reached $170 after the earnings and the Calls went up from $2.72 to at least $15 for about 5.50X gain.

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