XPEV XPeng Options Ahead of Earnings

If you haven`t bought the dip on XPEV:

Then analyzing the options chain and the chart patterns of XPEV XPeng prior to the earnings report this week,
I would consider purchasing the 9.50usd strike price Puts with
an expiration date of 2024-3-22,
for a premium of approximately $0.51.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

XPEV traded at $8.52 at expiration, and the Puts went up from $0.51 (when I wrote this article) to $0.98 at the close on friday (higher intraday), for more than 90% gain!