LLY Eli Lilly Options Ahead of Earnings

Analyzing the options chain and the chart patterns of LLY Eli Lilly prior to the earnings report this week,
I would consider purchasing the 450usd strike price Calls with
an expiration date of 2023-8-11,
for a premium of approximately $11.70.
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:

LLY traded at $538.00 after earnings, and the calls went up from $11.70 (when I wrote this article) to $72.65 intraday, for a fantastic 6.20X Profit! Impressive!
Congrats to those who bought the calls!