EGIO Edgio Options Ahead of Earnings

Analyzing the options chain and the chart patterns of EGIO Edgio prior to the earnings report this week,
I would consider purchasing the 1usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.15.
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 fermée: cible de profit atteinte:

EGIO reached $1.10 after earnings, but I haven`t monitored the options back then. They were, for sure, profitable at its peak.