GES Guess? Options Ahead of Earnings

Analyzing the options chain and the chart patterns of GES Guess? prior to the earnings report this week,
I would consider purchasing the 23usd strike price at the money Puts with
an expiration date of 2023-12-15,
for a premium of approximately $1.82.
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:

GES traded at $20.91 after earnings, and the Puts went up from $1.82 (when I wrote this article) to $2.20 at the close today (a lot higher intraday), for more than 20% gain!