Analyzing the options chain and the chart patterns of PLSE Pulse Biosciences prior to the earnings report this week, I would consider purchasing the 10usd strike price Puts with an expiration date of 2024-7-19, for a premium of approximately $2.07. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
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PLSE traded at $6.71 after earnings, and the Puts went up from $2.07 (when I wrote this article) to $3.80 on friday, for about 85% gain! The spread was wide though.