MMM 3M Company Options Ahead of Earnings

If you haven`t bought MMM ahead of the previous earnings:

Then analyzing the options chain and the chart patterns of MMM 3M Company prior to the earnings report this week,
I would consider purchasing the 87usd strike price Calls with
an expiration date of 2023-11-3,
for a premium of approximately $2.39.
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:

MMM traded at $90.83 after earnings, and the calls went up from $2.39 (when I wrote this article) to $3.90 at the close today (a lot higher intraday), for about 65% gain!