KR The Kroger Options Ahead of Earnings

If you haven`t bough KR ahead of the previous earnings:

Then analyzing the options chain and the chart patterns of KR The Kroger prior to the earnings report this week,
I would consider purchasing the 46usd strike price at the money Puts with
an expiration date of 2024-1-19,
for a premium of approximately $2.34.
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:

KR reached $44.22 after the earnings, then went up intraday. The Puts were for sure profitable at that monument, but I haven`t monitored the options chain back then.