Analyzing the options chain and the chart patterns of RTX Corporation prior to the earnings report this week, I would consider purchasing the 80usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $1.37. 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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RTX traded at $79.35 after earnings, and the Calls went up from $1.37 (when I wrote this article) to $2.96 at the close today (a lot higher intraday), for about 2.15X gain!