ABBV AbbVie Options Ahead of Earnings

If you haven`t bought the dip on ABBV:

Then analyzing the options chain and the chart patterns of ABBV AbbVie prior to the earnings report this week,
I would consider purchasing the 160usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $7.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

ABBV traded at 172.85 after earnings, and the calls went up from $7.55 (when I wrote this article) to $10.80 at the close on friday (a lot higher intraday), for about 40% gain!