Then analyzing the options chain and the chart patterns of HOOD Robinhood Markets prior to the earnings report this week, I would consider purchasing the 12usd strike price Calls with an expiration date of 2024-8-16, for a premium of approximately $1.88. 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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HOOD traded at $14.35 after earnings, and the Calls went up from $1.88 (when I wrote this article) to $3.40 at the close on friday (a lot higher intraday), for about 80% gain!