Then analyzing the options chain and the chart patterns of JEF Jefferies Financial Group prior to the earnings report this week, I would consider purchasing the 37.50usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $2.12. 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
JEF traded at $35.69 today, after earnings, and the Puts went up from $2.12 (when I wrote this article) to $2.85 intraday, for about 35% gain!
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