Analyzing the options chain and the chart patterns of ZTO Express prior to the earnings report this week, I would consider purchasing the 22usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $1.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
The cumulative revenue of the delivery firm for the first half of 2021 has reached CNY 13.798 billion, a year-on-year increase of 33.72%. - The company's revenue in Q2 2021 was recorded CNY 7.32 billion, a year-on-year increase of 14.4%. - Gross profit was CNY 1.674 billion, a year-on-year decrease of 5.4%. - Net profit was CNY 1.272 billion, down 12.5%...
ZTO looking good to fill the top of that cup for earnings before making the handle after earnings.
#ZtoExpress failed breakout so far. forming double top, negative divergence