LLY Eli Lilly Options Ahead of Earnings

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

Then analyzing the options chain and the chart patterns of LLY Eli Lilly prior to the earnings report this week,
I would consider purchasing the 680usd strike price Calls with
an expiration date of 2024-2-16,
for a premium of approximately $15.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

LLY traded at $745.68 after earnings, and the calls went up from $15.35 (when I wrote this article) to $63.30 at the close today (a lot higher intraday), for about 4.10% gain!
Congrats to those who bought the calls!

Trade chiuso: obiettivo raggiunto:

4.10X gain, instead of 4.10% :)))