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
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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!