Viasat Inc. VSAT reported healthy second-quarter fiscal 2024 results. The company reported higher revenues year over year, backed by healthy demand trends in all verticals. Growth in commercial air IFC services, rising shipments and installments of mobility terminals, and growing demand for information assurance products supported the top line during the quarter....
Analyzing the options chain and the chart patterns of VSAT Viasat prior to the earnings report this week,
I would consider purchasing the 30usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $5.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to...
Keep an eye on this stock as following confirmation of an Adam & Eve Double Bottom pattern we could be looking at a target around 85 with a stop loss around 52.
