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Jul 30, 2023 12:14 PM

SHOP Shopify Options Ahead of Earnings Long

Shopify Inc.NYSE

Description

If you haven`t sold SHOP here:

or considered this buy area:


Then analyzing the options chain and the chart patterns of CAT Caterpillar prior to the earnings report this week,
I would consider purchasing the 67usd strike price Calls with
an expiration date of 2023-8-11,
for a premium of approximately $3.50.
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.
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