Analyzing the options chain and the chart patterns of HAL Halliburton Company prior to the earnings report this week, I would consider purchasing the 42usd strike price Puts with an expiration date of 2024-6-21, for a premium of approximately $4.60. 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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HAL traded at $38.93 after earnings, and the Puts went up from $4.60 (when I wrote this article) to $5.70 at the close today (a lot higher intraday), for about 25% gain!