SMCI Super Micro Computer Options Ahead of Earnings

If you haven`t bought SMCI ahead of the previous earnings:

SMCI Super Micro Computer Options Ahead of Earnings

Then analyzing the options chain and the chart patterns of SMCI Super Micro Computer prior to the earnings report this week,
I would consider purchasing the 480usd strike price Calls with
an expiration date of 2024-3-1,
for a premium of approximately $42.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade closed: target reached

SMCI traded at $606.00 after earnings, and the Calls went up from $42.90 (when I wrote this article) to $111.40 at the close on Friday (a lot higher intraday), for about 165% gain!

Trade closed: target reached

SMCI turned out to be a 10X trade!!!
SMCI traded at $908.19 at the closing bell on the expiration date!
This implies that the $480 calls increased from $42.80 (when I wrote this article) to $428.19, resulting in a fantastic 10X trade! Wow!

Congratulations to those who held the calls!

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