TopgOptions

STNE StoneCo Ltd Options Ahead of Earnings

Long
TopgOptions Updated   
BATS:STNE   StoneCo Ltd.
If you haven`t bought STNE when the backed by Buffett company named executive from JPMorgan Chase:
or sold before the previous earnings:

Then analyzing the options chain and the chart patterns of STNE StoneCo Ltd prior to the earnings report this week,
I would consider purchasing the 10usd strike price in the money Calls with
an expiration date of 2024-1-19,
for a premium of approximately $1.47.
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:
STNE traded at $14.10 after earnings, and the Calls went up from $1.47 (when I wrote this article) to $4.00 at the close today (a lot higher intraday), for about 2.70X gain!
Congrats for those who bought the calls!

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