BX Blackstone Options Ahead of Earnings

By TopgOptions
Updated
Analyzing the options chain and the chart patterns of BX Blackstone prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $6.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



Trade closed: target reached
BX traded at $142 after earnings, and the Calls went up from $6.70 (when I wrote this article) to $8 today, for a modest 20% gain! Still bullish in the chain.
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TopgOptions

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