PDD Holdings Options Ahead of Earnings

Analyzing the options chain and the chart patterns of PDD Holdings prior to the earnings report this week,
I would consider purchasing the 85usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $4.80.
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:

PDD traded at $98.43 today, after earnings, and the calls went up from $4.80 (when I wrote this article) to $15.55 at the close today (higher intraday), for a decent 3.24X gain!
Congrats to those who bought the calls!