AAP Advance Auto Parts Options Ahead of Earnings

20 sie 2023

Analyzing the options chain and the chart patterns of AAP Advance Auto Parts prior to the earnings report this week,
I would consider purchasing the 70usd strike price at the money Puts with
an expiration date of 2023-9-1,
for a premium of approximately $5.55.
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.

23 sie 2023

Transakcja zamknięta: osiągnięto wyznaczony cel

AAP traded at $66.33 after earnings, but I haven`t monitored the options.
They were profitable for sure at that intraday low.