GLNG Golar LNG Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GLNG Golar LNG Limited prior to the earnings report this week,
I would consider purchasing the 34usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $1.57.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Golar
GLNG Golar LNG Limited Options Ahead of EarningsAnalyzing the options chain and the chart patterns of GLNG Golar LNG Limited prior to the earnings report this week,
I would consider purchasing the $22.50 strike price Calls with
an expiration date of 2023-9-15,
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.
GOLAR looking like a buyPurely technical analysis based buy-point here. We can see a clear demand zone between 21-22 USD. Unfortunately, the weekly 20EMA was just backtested and got rejected, which ultimately led to declining price action.
As all the signs are not there to be 100% sure about the trade, I set the stop level at 21 USD, which reduces the risk of this trade going ballistics. Entry target at 22 USD, and risk/reward at a solid 4.
This bad boy has been a while in my long-term portfolio, and I was hoping to get a little bit larger position on this. This may be that time... As a European citizen, I do see a large demand for liquified natural gas in the future and tremendous investments in the energy sector, which benefits Golar a lot.
Thanks for reading fellas!