WAL Western Alliance Bancorporation Options Ahead of Earnings

Analyzing the options chain of WAL Western Alliance Bancorporation prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $2.20.
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:

WAL reached $46.83 after earnings, and the calls went from $2.20 (when I wrote this article) to $6.90, resulting in a beautiful 3.10X gain!
Congrats to those who held the calls!