CTAS Cintas Corporation Options Ahead of Earnings

23 mar

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.

29 mar

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!