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Oct 24, 2023 1:01 PM

MA Mastercard Incorporated Options Ahead of Earnings Short

Mastercard IncorporatedNYSE

Description

If you haven`t bought MA in the Buy Area here:


Then analyzing the options chain and the chart patterns of MA Mastercard Incorporated prior to the earnings report this week,
I would consider purchasing the 380usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $14.65.
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

MA traded at $359.77 after earnings, and the Puts went up from $14.65 (when I wrote this article) to $22.75 at the close today (a lot higher intraday), for about 55% gain!
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