CL Colgate-Palmolive Company Options Ahead of Earnings

24 apr 2024

If you haven`t bought the dip on CL:

Then analyzing the options chain and the chart patterns of CL Colgate-Palmolive Company prior to the earnings report this week,
I would consider purchasing the 90usd strike price Calls with
an expiration date of 2024-4-26,
for a premium of approximately $0.80.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

27 apr 2024

Trade chiuso: obiettivo raggiunto

CL traded at $92.25 after earnings, and the Calls went up from $0.80 (when I wrote this article) to $1.01 at the close today (a lot higher intraday), for about 25% gain!