GIS General Mills Options Ahead of Earnings

If you haven`t bought GIS here:

Then Analyzing the options chain of GIS General Mills prior to the earnings report this week,
I would consider purchasing the 80usd strike price Puts with
an expiration date of 2023-7-21,
for a premium of approximately $1.35.
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:

GIS is currently trading at $76.55 at the time of writing this update.
Puts are trading at $3.90, which is an increase of 2.90X from the time of writing this article.
The position has been closed, regardless of whether it will go lower or not.