Looking at the IQ iQIYI options chain ahead of earnings , I would buy the $7.00 strike price Calls with 2023-2-24 expiration date for about $0.49 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
Trade closed: target reached
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IQ was trading at $7.97 today. Calls up 2X. Trade closed.