Analyzing the options chain and the chart patterns of IONQ prior to the earnings report this week, I would consider purchasing the 11usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $0.84. 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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IONQ reached $12.29 after the earnings release, and the calls were definitely profitable. However, I didn't monitor the options chain back then.