RUM Rumble Options Ahead of Earnings

If you haven`t sold RUM before the previous earnings:

Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 7usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.22.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade stängt: målet nått:

RUM traded at $7.38 after earnings, at expiration, and the Calls went up from $0.22 (when I wrote this article) to $0.38 at the close of the day, for a decent 75% gain!