Hello Group Inc.,v ( NASDAQ:MOMO ) a leading player in mainland China's online social networking space, has announced its unaudited financial results for the first quarter of 2024. The company reported a 9.2% decrease in net revenues to RMB2,560.4 million (US$354.6 million), with net income attributable to Hello Group Inc. ( NASDAQ:MOMO ) decreasing to RMB5.2...
NASDAQ:MOMO is at an area of value. Took a position when it broke out of that orange-ish thing. So far the position is moving in the right direction. We would like to see NASDAQ:MOMO break above this level and continue with the upward movement.
Looking at the MOMO Hello Group options chain ahead of earnings , i would buy the $5 strike price in the money Calls with
2023-1-20 expiration date for about
$0.98 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
