NASDAQ:MOMO is at an area of value. Took a position when it broke out of that orange-ish thing. So far the position is moving in the right direction. We would like to see NASDAQ:MOMO break above this level and continue with the upward movement.
Looking at the MOMO Hello Group options chain ahead of earnings , i would buy the $5 strike price in the money Calls with
2023-1-20 expiration date for about
$0.98 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
