MMM 3M Company Options Ahead of Earnings

If you haven`t bought MMM here:

Then analyzing the options chain and chart patterns of MMM 3M Company prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2023-8-18,
for a premium of approximately $2.93.
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:

MMM trading at $110.85 after earnings, and the calls are up from $2.93 (when I wrote this article) to $5.90 at the close today (even higher intraday).
A decent 2X gain!