RH Options Ahead of Earnings

If you haven`t sold the top on RH, for that fantastic 12.75X gain in the options chain:

nor bought the dip here:

Then analyzing the options chain and the chart patterns of RH prior to the earnings report this week,
I would consider purchasing the 310usd strike price in the money Puts with
an expiration date of 2024-3-28,
for a premium of approximately $21.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade chiuso: obiettivo raggiunto:

RH went down to $275.53 before the earnings report. The puts were profitable, but I hadn't monitored the options chain back then.