ADSK Autodesk Options Ahead of Earnings

20 ago 2023

Analyzing the options chain and the chart patterns of ADSK Autodesk prior to the earnings report this week,
I would consider purchasing the 200usd strike price at the money Calls with
an expiration date of 2023-8-25,
for a premium of approximately $6.45.
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.

24 ago 2023

Trade chiuso: obiettivo raggiunto

ADSK traded at $216.75 after earnings, and the calls surged from $6.45 (at the time of writing this article) to $17 intraday, resulting in a substantial 2.6X gain for those who exited near the day's high!