LRCX Lam Research Corporation Options Ahead of Earnings

If you haven`t bought LRCX before the previous earnings:

Then analyzing the options chain and the chart patterns of LRCX Lam Research Corporation prior to the earnings report this week,
I would consider purchasing the 880usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $34.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade fechado: objetivo atingido:

LRCX traded at $929 after earnings, and the calls went up from $34.05 (when I wrote this article) to $62.75 at the close today (higher intraday), for about 85 gain!