TopgOptions

PANW Palo Alto Networks Options Ahead of Earnings

Long
TopgOptions Updated   
NASDAQ:PANW   Palo Alto Networks, Inc.
If you haven`t bought PANW`s Double Bottom here:
or before the earnings here:

Then analyzing the options chain and the chart patterns of PANW Palo Alto Networks prior to the earnings report this week,
I would consider purchasing the 230usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $7.65.
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:
PANW traded at $246.30 after earnings, and the calls went up from $7.65 (when I wrote this article) to $15.30 at the close today (a lot higher intraday), for decent 2X 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.