RIVN Rivian Automotive Options Ahead of Earnings

5 Ağu 2023

If you haven`t sold RIVN on the recalls:

Or last time ahead of earnings:

Then Analyzing the options chain and the chart patterns of UPWK Upwork prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $1.92.
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.

5 Ağu 2023

İşlem aktif

Errors in the text:
RIVN Rivian Automotive instead of UPWK Upwork.
27usd strike price calls instead of 10 usd strike price calls.
2023-8-11 expiration date instead of 2024-1-19
$1.06 premium instead of $1.92 premium

Made this update because TradingView doesn't allow you to edit or delete your ideas after you publish them! Which is great, by the way, because all traders will have a track record that shows their capabilities and not just their winning trades.
Thanks!