AA Alcoa Corporation Options Ahead of Earnings

If you haven`t bought AA before the previous earnings:

Then analyzing the options chain and the chart patterns of AA Alcoa Corporation prior to the earnings report this week,
I would consider purchasing the 30usd strike price at the money Puts with
an expiration date of 2024-1-19,
for a premium of approximately $1.13.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

AA closed at $27.36 at expiration, and the $30 strike price puts went from $1.13 to $2.64, resulting in a 2.33X gain!