ETSY Options Ahead of Earnings

If you haven`t sold ETSY before the previous earnings:

Then analyzing the options chain and the chart patterns of ETSY prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2024-2-23,
for a premium of approximately $3.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

ETSY went down to $69.67 after the earnings report; the Puts were certainly profitable, but I didn't monitor the options chain back then.