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Mar 23, 2024 2:56 PM

JEF Jefferies Financial Group Options Ahead of Earnings Long

Jefferies Financial Group Inc.NYSE

Description

If you haven`t sold JEF before the previous earnings:


Then analyzing the options chain and the chart patterns of JEF Jefferies Financial Group prior to the earnings report this week,
I would consider purchasing the 45usd strike price at the money Calls with
an expiration date of 2024-5-17,
for a premium of approximately $2.02.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



Trade closed: target reached

JEF reached $47.39 after the earnings. The calls were certainly profitable, but I didn't check the options chain at that time.
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