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Apr 18, 2024 6:50 PM

PG The Procter & Gamble Company Options Ahead of Earnings Long

Procter & Gamble Company (The)NYSE

Description

If you haven`t bought PG before the previous earnings:


Then analyzing the options chain and the chart patterns of PG The Procter & Gamble prior to the earnings report this week,
I would consider purchasing the 155usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $8.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade closed: target reached

PG traded at $162.10 today, after earnings, and the Calls went up from $8.85 (when I wrote this article) to $11.95 at the close today, for about 35% gain!
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