Then analyzing the options chain and the chart patterns of WMT Walmart prior to the earnings report this week, I would consider purchasing the 60usd strike price Calls with an expiration date of 2024-5-24, 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.
Trade chiuso: obiettivo raggiunto
WMT traded at $64.88 after earnings, and the calls went up from $1.73 (when I wrote this article) to $5.00 at the close on friday (even higher intraday), for a decent 2.89X gain!
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