OLLI Ollie's Bargain Outlet Options Ahead of Earnings

Analyzing the options chain of OLLI Ollie's Bargain Outlet prior to the earnings report this week,
I would consider purchasing the 60usd strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $1.70.
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:

OLLI trading at $62.17 ahead of earnings. Calls are now $4.70 from $1.70, back when I wrote this article. A 2.75X gain. For me is a sell regardless of the earnings report.