Then analyzing the options chain and the chart patterns of CHK Chesapeake Energy Corporation prior to the earnings report this week, I would consider purchasing the 85usd strike price Calls with an expiration date of 2023-8-18, for a premium of approximately $2.20. 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
CHK trading at $86.74 after earnings, price target reached. Haven`t monitored the options.
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