ABBV AbbVie Options Ahead of Earnings

24 lug 2023

Analyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 150usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $2.46.
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.

28 lug 2023

Trade chiuso: obiettivo raggiunto

ABBV traded at $151.76 after earnings, and the calls are up from $2.46 (when I wrote this article) to $4.75 at the close today (a lot higher intraday), for a decent 95% gain!
I think there is more upside for ABBV by the expiration date.