If you haven`t bought CAN before the previous earnings:
Then analyzing the options chain and the chart patterns of CAN Canaan prior to the earnings report this week, I would consider purchasing the 1usd strike price Calls with an expiration date of 2024-5-17, for a premium of approximately $0.08. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade chiuso: obiettivo raggiunto
CAN traded at $1.29 after the earnings release at the market open on Friday, and the calls were up 3.6x at that point. If you waited for the closing bell, the stock price faded.
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