LULU Lululemon Athletica Options Ahead of Earnings

Analyzing the options chain and the chart patterns of LULU Lululemon Athletical prior to the earnings report this week,
I would consider purchasing the 390usd strike price Calls with
an expiration date of 2023-12-15,
for a premium of approximately $25.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Looking forward to read your opinion about it.

Trade geschlossen: Ziel wurde erreicht:

LULU traded at $406.86 after earnings, and the calls went up from $25.90 (when I wrote this article) to $35.20 at the close today (a lot higher on the earnings day), for about 40% gain !