BYND Beyond Meat Options Ahead of Earnings

Analyzing the options chain and the chart patterns of BYND Beyond Meat prior to the earnings report this week,
I would consider purchasing the 7.50usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $1.83.
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.

Trade geschlossen: Ziel wurde erreicht:

BYND traded at $6.25 today, after the earnings, and the Puts went up from $1.83 to $2.48 for almost 40% gain. I think it`s a full exit at this level.