Analyzing the options chain and chart patterns of GE General Electric Company prior to the earnings report this week, I would consider purchasing the 110usd strike price Calls with an expiration date of 2023-8-18, for a premium of approximately $3.85. 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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GE trading at $117.96 after earnings and calls are up from $3.85 (when I wrote this article) to $8.15 at close today (even more intraday). A decent 2.10X Gain!