Analyzing the options chain and the chart patterns of FERG Ferguson prior to the earnings report this week,
I would consider purchasing the 155usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $2.72.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
Buy Ferguson (FERG.L)
Ferguson PLC is a distributor of plumbing and heating products. The Company operates through seven business units: Blended Branches, Waterworks standalone, HVAC standalone, Industrial standalone, Fire and Fabrication, Facilities Supply standalone and B2C e-commerce.
Market Cap: £15.35Billion
Ferguson is trading in a bullish long term...
