Analyzing the options chain and the chart patterns of MLKN MillerKnoll prior to the earnings report this week, I would consider purchasing the 20usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $1.32. 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
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MKLN reached $25.25 after the earnings and the Calls went up from $1.32 to at least $5.25 for about 4X gain.