DLR Digital Realty Trust Options Ahead of Earnings

Jul 24, 2023

Analyzing the options chain and the chart patterns of DLR Digital Realty Trust prior to the earnings report this week,
I would consider purchasing the 115usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $2.35.
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.

Jul 28, 2023

Trade closed: target reached

DLR traded at $114.94 before earnings, and the Puts are up from $2.35 (when I wrote this article) to $4.00 at the close today (even higher intraday), for a decent 70% gain! For me it`s an exit.