Then analyzing the options chain and the chart patterns of WFC Wells Fargo & Company prior to the earnings report this week, I would consider purchasing the 60usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $4.85. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
⋅
WFC traded at $61.76 today, after earnings, and the Calls went up from $4.85 (when I wrote this article) to $6.85 at the close today (a lot higher intraday), for about 40% gain!