Analyzing the options chain and the chart patterns of SIGA Technologies prior to the earnings report this week, I would consider purchasing the 5usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $0.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
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SIGA traded at 52 week high last friday, reaching $7.36 after earnings. The Calls went up from $0.50 (when I wrote this article) to more than $2.50, for a fantastic 5X gain!! Congrats to those who bought the calls!!!