FSLY Fastly Options Ahead of Earnings

If you haven`t sold FSLY Head and Shoulders bearish Chart Pattern here:

Then analyzing the options chain and the chart patterns of FSLY Fastly prior to the earnings report this week,
I would consider purchasing the $17.50 strike price Calls with
an expiration date of2023-9-15,
for a premium of approximately $1.97.
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:

FSLY traded at $20.58 after earnings, and the calls went up from $1.97 (when I wrote this article) to $3.45 at the close today (higher intraday), for a decent 75% gain!