Analyzing the options chain and the chart patterns of UAA Under Armour prior to the earnings report this week, I would consider purchasing the 7usd strike price Calls with an expiration date of 2023-11-10, for a premium of approximately $0.59. 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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UAA traded at $8.00 after the earnings release. the calls were profitable for sure, but I haven`t monitored the options chain back then.