If you haven`t sold IOT before the previous earnings:
Then analyzing the options chain and the chart patterns of IOT Samsara prior to the earnings report this week, I would consider purchasing the 35usd strike price Calls with an expiration date of 2024-3-15, for a premium of approximately $2.75. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
IOT traded at $40.54 after earnings, and the Calls went up from $2.75 (when I wrote this article) to $3.60 at the close yesterday (a lot higher intraday), for about 30% gain!
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