UPWK Upwork Options Ahead of Earnings

30 lug 2023

Analyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $1.92.
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.

3 ago 2023

Nota

UPWK traded at $14.50 after earnings, and the calls went up from $1.92 (when I wrote this article) to $5.10 at the close today (even higher intraday), for a beautiful 2.65X Profit!
Congrats to those who bought the calls!