Analyzing the options chain of SGH SMART Global Holdings prior to the earnings report this week, I would consider purchasing the 30usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $1.40. 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 closed: target reached
⋅
SGH reached $29.99 after the earnings, Calls trading at $1.90. I think there is still some upside potential until the expiration date.