Analyzing the options chain and the chart patterns of RPD Rapid7 prior to the earnings report this week, I would consider purchasing the 55usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $2.40. 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 active
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RPD traded at $51.02 after earnings, and the calls went up from $2.40 (when I wrote this article) to $5.00 intraday, for about 110% gain!