Then analyzing the options chain and the chart patterns of X United States Steel Corporation prior to the earnings report this week, I would consider purchasing the 26usd strike price Calls with an expiration date of 2023-10-20, for a premium of approximately $1.24. 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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X reached $25.94 ahead of earnings. Haven`t monitored the options.
Trade closed: target reached
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X potential Takeover at $35! United States Steel Corporation reached $32.52 after the buyout announcement, and the Calls when up from $1.24 to $6.05 at the close yesterday (even higher intraday), for a fantastic gain of 4.90X!! Congrats for those of you who bought the calls!