CHWY Chewy Options Ahead of Earnings

If you haven`t bought CHWY here:

or sold it here:

then Analyzing the options chain of CHWY Chewy prior to the earnings report this week,
I would consider purchasing the $29.5 strike price Puts with
an expiration date of 2023-6-2,
for a premium of approximately $1.29
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:

CHWY reached the strike price ahead of earnings. trading at $29.10.
Puts were $1.96 at close, up from $1.29, when i wrote this article (even higher intraday)!
A 50% Gain!