Then analyzing the options chain of JPM JPMorgan Chase prior to the earnings report this week, I would consider purchasing the 145usd strike price Calls with an expiration date of 2023-7-21, for a premium of approximately $4.15. 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
JPM reached $152.89 after the earnings, and the calls went up from $4.15 to over $8 at the peak, for a decent 90% - 100% gain intraday.
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