If you haven`t sold CVX before the previous earnings:
Now analyzing the options chain and the chart patterns of CVX Chevron Corporation prior to the earnings report this week, I would consider purchasing the 145usd strike price Puts with an expiration date of 2024-12-20, for a premium of approximately $4.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
PCG traded at $142.28 today, and the Puts went up from $4.10 (when I wrote this article) to $10.60 at the close today, for a decent 2.58X gain!
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