Analyzing the options chain of GME GameStop prior to the earnings report this week, I would consider purchasing the 65usd strike price in the money Calls with an expiration date of 2023-7-21, for a premium of approximately $4.50. 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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GMS new 52 week high after the earnings: $69.96. Calls trading at about $7 intraday, from $4.50, when i wrote this article. A decent 55% gain.