PRGS Progress Software Corporation Options Ahead of Earnings

24. Sept. 2023

Analyzing the options chain and the chart patterns of PRGS Progress Software Corporation prior to the earnings report this week,
I would consider purchasing the 55usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $1.57.
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.

3. Okt. 2023

Trade geschlossen: Ziel wurde erreicht

PRGS traded at $51.82 today, after earnings, and the Puts went up from $1.57 (when I wrote this article) to $3.20 intraday, for about 2X gain!