LEVI Strauss Options Ahead of Earnings

If you haven`t bought the dip on LEVI:

Then analyzing the options chain and the chart patterns of LEVI Strauss prior to the earnings report this week,
I would consider purchasing the 21usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $1.72.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade fechado: objetivo atingido:

LEVI traded at $22.39 after earnings, and the Calls went up from $1.72 (when I wrote this article) to $2.20 at the close on Monday (a lot higher this week), for about 30% gain!