If you haven`t sold CTAS before the previous earnings:
Then analyzing the options chain and the chart patterns of CTAS Cintas Corporation prior to the earnings report this week, I would consider purchasing the 680usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $3.20. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade chiuso: obiettivo raggiunto
CTAS traded at $688.86 today, after earnings, and the Calls went up from $3.20 (when I wrote this article) to $15.00 at the close today (a lot higher this week), for a fantastic 4.68X!! Congrats to those who bought the calls!
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