Block, Inc.
Short
Updated

SQ Block Options Ahead of Earnings

614
If you haven`t sold SQ before the previous earnings:
SQ Block Options Ahead of Earnings


Then analyzing the options chain and the chart patterns of PSQ Block prior to the earnings report this week,
I would consider purchasing the 72.50usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $5.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.




Trade closed: target reached
SQ reached $65.74 after this article was published. The puts were certainly profitable, but I didn't monitor the options chain back then.

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