TopgOptions

ABNB Airbnb Options Ahead of Earnings

Short
NASDAQ:ABNB   Airbnb, Inc.
After my price target was reached:

If you too have an Airbnb I think you noticed how your bookings declined YoY.
That will be reflected in the company`s earnings as well.
Now looking at the ABNB Airbnb options chain ahead of earnings , I would buy the $105 strike price Puts with
2023-7-21 expiration date for about
$11.15 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
The longer timeframe allows me more flexibility in case of a small rally after the CPI report.

Looking forward to read your opinion about it.




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