Analyzing the options chain of OLLI Ollie's Bargain Outlet prior to the earnings report this week, I would consider purchasing the 60usd strike price Calls with an expiration date of 2023-6-16, for a premium of approximately $1.70. 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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OLLI trading at $62.17 ahead of earnings. Calls are now $4.70 from $1.70, back when I wrote this article. A 2.75X gain. For me is a sell regardless of the earnings report.