AMGN Amgen Options Ahead of Earnings

If you haven`t sold AMGN on the HZNP deal:

Then analyzing the options chain and the chart patterns of AMGN Amgen prior to the earnings report this week,
I would consider purchasing the 262.5usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $8.15.
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:

AMGN reached $249.94 after earnings and the puts were for sure profitable at that point, put I haven`t monitored the options chain back then.