DLTR Dollar Tree Options Ahead of Earnings

Updated
Analyzing the options chain and the chart patterns of DLTR Dollar Tree prior to the earnings report this week,
I would consider purchasing the 85usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $5.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade closed: target reached
DLTR traded at $69.63 today and the Puts went up from $5.75 (when I wrote this article) to $14.30 at the close of the day, for a decent 2.48X gain!
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