GE General Electric Company Options Ahead of Earnings

22 de jul. de 2023

Analyzing the options chain and chart patterns of GE General Electric Company prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $3.85.
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.

25 de jul. de 2023

Trade fechado: objetivo atingido

GE trading at $117.96 after earnings and calls are up from $3.85 (when I wrote this article) to $8.15 at close today (even more intraday).
A decent 2.10X Gain!