BUR Burford Capital Limited Options Ahead of Earnings

Analyzing the options chain and the chart patterns of BUR Burford Capital Limited prior to the earnings report this week,
I would consider purchasing the 15usd strike price in the money Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.60.
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.

Trade chiuso: obiettivo raggiunto:

BUR reached $17.69 after earnings, but I haven`t monitored the options. They were profitable for sure back then. Probably 2X.