Then analyzing the options chain and the chart patterns of MDB MongoDB prior to the earnings report this week, I would consider purchasing the 400usd strike price in the money Puts with an expiration date of 2023-9-1, for a premium of approximately $35.55. 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
⋅
MDB traded at $389.74 on the earnings day, puts the puts weren`t profitable. The premium was too high, it seems.