Analyzing the options chain and the chart patterns of WLY John Wiley & Sons prior to the earnings report this week,
I would consider purchasing the 40usd strike price in the money Puts with
an expiration date of 2023-9-15,
for a premium of approximately $4.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
WLY has formed this structure where little bull action is involved but it is creeping up. I believe this is an accumulation pattern and price is yet to explode. Weekly chart.
