If you haven`t sold SNAP here: or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of SNAP prior to the earnings report this week, I would consider purchasing the 11usd strike price Calls with an expiration date of 2023-11-17, for a premium of approximately $0.60. 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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SNAP traded at $12 at expiration. The calls went up about 70%, even higher during the week, when it was trading at $12.42.