Analyzing the options chain and the chart patterns of SMTC Semtech Corporation prior to the earnings report this week, I would consider purchasing the 26usd strike price Calls with an expiration date of 2023-9-15, for a premium of approximately $0.73. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Can you do an updated post for this evenings delayed earnings call. Thank you
Extractio
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You want to go long a stock that just delayed its earnings report and abruptly changed CFOs? All while the stock just got rejected by the 200 SMA? Makes sense…