TTE TotalEnergies SE Options Ahead of Earnings

TopgOptions Updated   
NYSE:TTE   TotalEnergies SE
Analyzing the options chain and the chart patterns of PTTE TotalEnergies SE prior to the earnings report this week,
I would consider purchasing the 60usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $1.80.
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:
TTE traded at $57.97 after earnings, and the Puts went up from $1.80 (when I wrote this article) to $3.00 at some point intraday, for about 70% gain!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.