GE General Electric Company Options Ahead of Earnings

If you haven`t bought GE before the previous earnings:

Then analyzing the options chain and the chart patterns of GE General Electric Company prior to the earnings report this week,
I would consider purchasing the 155usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $8.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

GE traded at $163.70 after earnings, and the Calls went up from $8.50 (when I wrote this article) to $16.05 at the close today (a lot higher this week), for about 90% gain!