MGM Resorts International Options Ahead of Earnings

If you haven`t bought MGM during the Covid pandemic:

Then analyzing the options chain and the chart patterns of MGM Resorts International prior to the earnings report this week,
I would consider purchasing the 39usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $1.73.
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:

MGM traded at $41.23 after the earnings release. Now it retraced, but the calls are still profitable. I think there is still upside potential in this stock.