CZR Caesars Entertainment Options Ahead of Earnings

Analyzing the options chain and the chart patterns of CZR Caesars Entertainment prior to the earnings report this week,
I would consider purchasing the 39usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $2.57.
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.

Trade stängt: målet nått:

CZR traded at $44.65 after earnings, and the Calls went up from $2.57 (when I wrote this article) to $6.05 at the close today (higher intraday), for an amazing 2.35X gain!