If you haven`t bought SGH before the previous earnings:
Then analyzing the options chain and the chart patterns of SGH SMART Global Holdings prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $2.55.
If these options prove to be profitable prior to...
After breaking the above the range with a gap, I would see the price to retest the previous range before continuing to the upside with a target of 24 USD.
With MU beating - bodes well for others in the space. SGH has been beaten for too long, maybe something changes?
Small risk / reward play but something to monitor going forward.
