UPST Upstart Holdings Options Ahead of Earnings

If you haven`t bought UPST before the previous earnings:

Then analyzing the options chain and the chart patterns of UPST Upstart Holdings prior to the earnings report this week,
I would consider purchasing the 30usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $5.37.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade fermée: cible de profit atteinte:

UPST traded at $25.91 after earnings, and the Puts went up from $5.37 (when I wrote this article) to $7.20 at the friday close (a lot higher intraday), for about 35% gain!