M Macy's Options Ahead of Earnings

Analyzing the options chain and the chart patterns of M Macy's prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $2.36.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

M Macy's traded at $21.50 after earnings, and the calls went up from $2.36 (when I wrote this article) to $2.84 at the close yesterday (higher intraday), for about 20% gain!