ETSY Options Ahead of Earnings

If you haven`t sold ETSY after the disappointing forecast and bought the price target:

Then you should know that looking at the ETSY options chain ahead of earnings , I would buy the $128 strike price Puts with
2023-2-24 expiration date for about
$6.90 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:

ETSY reached the price target ahead of earnings. Trading today at $124.43. Puts were profitable. Trade closed.