ENPH Enphase Energy Options Ahead of Earnings

If you haven`t sold ENPH here:

Then analyzing the options chain and the chart patterns of ENPH Enphase Energy prior to the earnings report this week,
I would consider purchasing the 170usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $22.15.
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:

ENPH traded at $145.67 after earnings, and the Puts went up from $22.15 (when I wrote this article) to approximately 2X intraday!