Then analyzing the options chain and the chart patterns of PNC The PNC Financial Services Group prior to the earnings report this week, I would consider purchasing the 120usd strike price Puts with an expiration date of 2024-3-15, for a premium of approximately $8.75. 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 closed: target reached
PNC traded at $115.58 after the earnings. I wasn`t monitoring the options at that time, but for sure the Puts were profitable.
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