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 $152.5 strike price Calls with an expiration date of 2023-8-4, for a premium of approximately $2.97. 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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PG traded at $157.48 after earnings, and the calls went up from $2.97 (when I wrote this article) to $4.35 at the close today (a lot higher intraday), for about 50% gain!