DOCU DocuSign Options Ahead Of Earnings

If you haven`t sold DOCU here:

Then you should know that looking at the DOCU DocuSign options chain ahead of earnings , I would buy the $62.5 strike price Puts with
2023-6-16 expiration date for about
$8.10 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.

Looking forward to read your opinion about it.

Trade chiuso: obiettivo raggiunto:

DOCU was trading at $49.42 intraday and the puts were $14.95 at the close compared to $8.10 when i wrote this article. A decent 85% gain!