Then analyzing the options chain and the chart patterns of WBA Walgreens Boots Alliance prior to the earnings report this week, I would consider purchasing the 23usd strike price Calls with an expiration date of 2023-10-13, for a premium of approximately $0.54. 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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WBA traded at $24.63 at the expiration, and the calls went up from $0.54 to $1.63 for a fantastic 3X gain!