GMS Options Ahead of Earnings

Analyzing the options chain of GME GameStop prior to the earnings report this week,
I would consider purchasing the 65usd strike price in the money Calls with
an expiration date of 2023-7-21,
for a premium of approximately $4.50.
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:

GMS new 52 week high after the earnings: $69.96.
Calls trading at about $7 intraday, from $4.50, when i wrote this article. A decent 55% gain.