Analyzing the options chain and the chart patterns of CPNG Coupang prior to the earnings report this week, I would consider purchasing the 16.40usd strike price Puts with an expiration date of 2023-11-17, for a premium of approximately $0.65. 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.
Trading ditutup: target tercapai
CPNG reached $14.88 after the earnings release, and the puts were for sure profitable, but I haven`t monitored the options chain back then. Perhaps an easy 2X gain at that point.
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