Analyzing the options chain and the chart patterns of AZO AutoZone prior to the earnings report this week, I would consider purchasing the 2500usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $60.35. 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.
Comment
AZO reached $2421. I haven`t monitored the options, but the Puts were for sure profitable at that level.
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