Then analyzing the options chain of AAPL Apple prior to the earnings report this week, I would consider purchasing the $167.5 strike price Puts with an expiration date of 2023-5-19, for a premium of approximately $3.37. 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 closed: target reached
Price target reached! AAPL trading at $164.31 today, prior to earnings. The $167.5 strike price Puts went from $3.37 to $5.70 at the close, even higher intraday. Up 70%!
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