PENN Entertainment Options Ahead of Earnings

Analyzing the options chain and the chart patterns of PENN Entertainment prior to the earnings report this week,
I would consider purchasing the $25.50 strike price Calls with
an expiration date of 2023-8-11,
for a premium of approximately $0.90.
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:

PENN traded at $29.30 after earnings, and the calls went up from $0.90 (when I wrote this article) to more than $3.80 intraday, for a fantastic 4.20X Profit! Impressive!
Congrats to those who bought the calls!