Analyzing the options chain and the chart patterns of DOOO BRP Inc prior to the earnings report this week,
I would consider purchasing the 70usd strike price Puts with
an expiration date of 2024-2-16,
for a premium of approximately $2.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to...
$BRP Target 32.36 for 18.45%
Or next add level is at 22.28
This one I also think has great potential... I might move my target higher... but I'll still take profit...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account...