Analyzing the options chain and the chart patterns of QFIN Qifu Technology prior to the earnings report this week, I would consider purchasing the 15usd strike price in the money calls with an expiration date of 2023-9-15, for a premium of approximately $1.52. 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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QFIN traded at $17.96 after earnings, and the calls went up from $1.52 (when I wrote this article) to $2.50 at the close today, for about 65% gain!