ABNB Airbnb Options Ahead of Earnings

If you haven`t sold ABNB on this valuation thesis:

Then analyzing the options chain and the chart patterns of ABNB Airbnb prior to the earnings report this week,
I would consider purchasing the 150usd strike price in the money Puts with
an expiration date of 2024-2-16,
for a premium of approximately $7.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

ABNB traded at $143.88 after the earnings release, and the Puts were certainly profitable. I haven't monitored the options chain back then.