If you haven`t bought GOTU before the previous earnings:
Then analyzing the options chain and the chart patterns of GOTU Gaotu Techedu prior to the earnings report this week, I would consider purchasing the 9usd strike price Calls with an expiration date of 2024-7-19, for a premium of approximately $1.12. The chart looks bearish, but my bet is on a China recovery this year!
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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