TopgOptions

ADSK Autodesk Options Ahead of Earnings

Long
TopgOptions Updated   
NASDAQ:ADSK   Autodesk, Inc.
Analyzing the options chain and the chart patterns of ADSK Autodesk prior to the earnings report this week,
I would consider purchasing the 200usd strike price at the money Calls with
an expiration date of 2023-8-25,
for a premium of approximately $6.45.
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:
ADSK traded at $216.75 after earnings, and the calls surged from $6.45 (at the time of writing this article) to $17 intraday, resulting in a substantial 2.6X gain for those who exited near the day's high!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.