BIBI Bilibili Options Ahead of Earnings

Aug 17, 2024

Analyzing the options chain and the chart patterns of BIBI Bilibili prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $1.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Aug 25, 2024

Trade closed: target reached

BILI traded at $15.05 on friday, after earnings, and the Calls went up from $1.95 (when I wrote this article) to $2.42 at the close of the day, for a modest 25% gain so far.

Oct 10, 2024

Trade closed: target reached

BILI traded at $23.57 today and the Calls went up from $1.95 (when I wrote this article) to $9.50 at the close of the day, for a fantastic 4.87X gain!!
Congrats to those who bought the calls!