Analyzing the options chain and chart patterns of PACW PacWest Bancorp prior to the earnings report this week, I would consider purchasing the 10usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.87. 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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PACW reached $11.20 ahead of earnings. Haven`t checked the options.