WOOF Petco Health and Wellness Company Options Ahead of Earnings

If you haven`t sold WOOF here, ahead of the previous earnings:

Then analyzing the options chain and the chart patterns of WOOF Petco Health and Wellness Company prior to the earnings report this week,
I would consider purchasing the 7usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $0.70.
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:

WOOF traded at $5.00 after earnings, and the Puts went up from $0.70 (when I wrote this article) to $1.85 at the close today (a lot higher intraday), for a decent 165% gain!
Congrats to those who bought the puts!