LW Lamb Weston Holdings Options Ahead of Earnings

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

Then analyzing the options chain and the chart patterns of LW Lamb Weston Holdings prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2024-10-18,
for a premium of approximately $0.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

LW traded at $78.76 after earnings, and the Puts went up from $0.75 (when I wrote this article) to $4.65 at the close on Friday (higher intraday), for a fantastic 6.2X gain! WOW!
Congrats to those who bought the Puts!!!