COST Costco Wholesale Corporation Options Ahead Of Earnings

By TopgOptions
Updated
If you haven`t sold COST Costco Wholesale Corporation here:
COST Costco Wholesale Corporation Options Ahead Of Earnings


Then Analyzing the options chain of COST Costco prior to the earnings report this week,
I would consider purchasing the 495usd strike price Calls with
an expiration date of 2023-5-26,
for a premium of approximately $9.00
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
COST traded at $510.75 on the expiration date, so if we do a simple math, the calls were trading at $15,75 at some point intraday.
So about 70% higher compared to when I wrote this article.
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