Analyzing the options chain and the chart patterns of PRGS Progress Software Corporation prior to the earnings report this week, I would consider purchasing the 55usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $1.57. 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.
トレード終了: 利益確定目標に到達
PRGS traded at $51.82 today, after earnings, and the Puts went up from $1.57 (when I wrote this article) to $3.20 intraday, for about 2X gain!