GM General Motors Company Options Ahead of Earnings

If you haven`t bought the dip on GM:

Then analyzing the options chain and the chart patterns of GM General Motors Company prior to the earnings report this week,
I would consider purchasing the 45usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $1.63.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade fechado: objetivo atingido:

GM traded at $46.17 after earnings, and the Calls went up from $1.63 (when I wrote this article) to $2.92 at the close today (a lot higher intraday), for about 80% gain!