DE Deere & Company Options Ahead of Earnings

Analyzing the options chain and the chart patterns of DE Deere & Company prior to the earnings report this week,
I would consider purchasing the 377.50usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $9.65.
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:

DE reached $356.27 after the earnings release and the puts went up for sure more than 2X at that point, but I haven`t monitored the options chain back then.