TopgOptions

MDT Medtronic plc Options Ahead of Earnings

Long
TopgOptions Updated   
BATS:MDT   Medtronic plc.
If you haven`t bought the previous dip in MDT:

Then analyzing the options chain and the chart patterns of MDT Medtronic plc prior to the earnings report this week,
I would consider purchasing the 75usd strike price at the money Calls with
an expiration date of 2023-11-24,
for a premium of approximately $1.24.
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:
MDT traded at $78.82 after earnings, and the Calls went up from $1.24 (when I wrote this article) to $3.80 at the close today (higher intraday), for more than 3X gain!
Congrats to those who bought the calls!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.