MLKN MillerKnoll Options Ahead of Earnings

Analyzing the options chain and the chart patterns of MLKN MillerKnoll prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.32.
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:

MKLN reached $25.25 after the earnings and the Calls went up from $1.32 to at least $5.25 for about 4X gain.