OCGN Ocugen Options Ahead of Earnings

If you haven`t bought OCGN when they released their Covid vaccine:

Then analyzing the options chain and the chart patterns of OCGN Ocugen prior to the earnings report this week,
I would consider purchasing the 1.50usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

OCGN traded at $2.02 after earnings, at expiration, and the Calls went up from $0.22 (when I wrote this article) to $0.41 at the close of the day (even higher intraday), for a decent 85% gain!