CAN Canaan Options Ahead of Earnings

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

Then analyzing the options chain and the chart patterns of CAN Canaan prior to the earnings report this week,
I would consider purchasing the 1usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.08.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade geschlossen: Ziel wurde erreicht:

CAN traded at $1.29 after the earnings release at the market open on Friday, and the calls were up 3.6x at that point. If you waited for the closing bell, the stock price faded.