SPOT Spotify Technology Options Ahead of Earnings

If you haven`t entered SPOT in the buy area:

nor before the previous earnings:

Then analyzing the options chain and the chart patterns of SPOT Spotify Technology prior to the earnings report this week,
I would consider purchasing the 270usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $20.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

SPOT traded at $319.16 after earnings, and the Calls went up from $20.30 (when I wrote this article) to $23.30 at the close today (a lot higher this week), for about 15% gain!