AAP Advance Auto Parts Options Ahead of Earnings

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.

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.