Then analyzing the options chain and the chart patterns of XPEV XPeng prior to the earnings report this week, I would consider purchasing the 9.50usd strike price Puts with an expiration date of 2024-3-22, for a premium of approximately $0.51. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
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XPEV traded at $8.52 at expiration, and the Puts went up from $0.51 (when I wrote this article) to $0.98 at the close on friday (higher intraday), for more than 90% gain!