GE General Electric Company Options Ahead of Earnings

22 lug 2023

Analyzing the options chain and chart patterns of GE General Electric Company prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $3.85.
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.

25 lug 2023

Trade chiuso: obiettivo raggiunto

GE trading at $117.96 after earnings and calls are up from $3.85 (when I wrote this article) to $8.15 at close today (even more intraday).
A decent 2.10X Gain!