If you haven`t sold GME before the previous earnings:
Then analyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week, I would consider purchasing the 13.50usd strike price Calls with an expiration date of 2024-3-28, for a premium of approximately $1.41. 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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GME reached $15.62 before the earnings. Who would have thought it would lose all the gains afterward?! When a stock rallies into the earnings release, I think it's a sell in most cases.
I would consider further dated options because IV is already elevated and it’s gonna crush regardless of price movement. IV is currently at 135% which is quite high. I’m in with June ‘24 monthlies