Analyzing the options chain and the chart patterns of TME Tencent Music Entertainment Group prior to the earnings report this week, I would consider purchasing the 11usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $0.43. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
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TME traded at $11.80 after earnings. The calls were profitable, but I hadn't mentioned the options chain back then.