Analyzing the options chain and the chart patterns of VSAT Viasat prior to the earnings report this week, I would consider purchasing the 30usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $5.45. 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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VSAT traded at $31.56 after earnings, and the calls went up from $5.45 (when I wrote this article) to $6.60 intraday! But this is just the beginning. The calls are long term.