VZ Verizon Communications Options Ahead of Earnings

If you haven sold VZ here:

Then analyzing the options chain of VZ Verizon Communications prior to the earnings report this week,
I would consider purchasing the 37usd strike price Puts with
an expiration date of 2023-5-19
for a premium of approximately $0.84
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

I am interested to hear your thoughts on this strategy.

Trade chiuso: obiettivo raggiunto:

VZ trading at $36.60, touching the bearish pennant line.