BMO Bank of Montreal Options Ahead of Earnings

By TopgOptions
Updated
Analyzing the options chain and the chart patterns of BMO Bank of Montreal prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $3.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.


Trade closed: target reached
BMO traded at $87.07 after earnings, and the calls went up from $3.80 (when I wrote this article) to $4.50 at the close today - when the stock was only $85.26.
You need to constantly monitor the options for bigger gains!
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