AFRM Affirm Holdings Options Ahead of Earnings

If you haven`t sold AFRM here:

Then analyzing the options chain and the chart patterns of AFRM Affirm Holdings prior to the earnings report this week,
I would consider purchasing the 14.50usd strike price Puts with
an expiration date of 2023-8-25,
for a premium of approximately $1.12.
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 chiuso: obiettivo raggiunto:

AFRM traded at $13.74 before earnings, and the Puts went up from $1.12 (when I wrote this article) to $1.45 at the close today (higher intraday), for about 30% gain!