Analyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week, I would consider purchasing the 10usd strike price Calls with an expiration date of 2024-1-19, for a premium of approximately $1.92. 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.
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UPWK traded at $14.50 after earnings, and the calls went up from $1.92 (when I wrote this article) to $5.10 at the close today (even higher intraday), for a beautiful 2.65X Profit! Congrats to those who bought the calls!