Now analyzing the options chain and the chart patterns of DPZ Domino's Pizza prior to the earnings report this week, I would consider purchasing the 490usd strike price Puts with an expiration date of 2024-7-19, for a premium of approximately $12.85. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
DPZ traded at $403.76 after earnings, and the Puts went up from $12.85 (when I wrote this article) to $86.24 at the close on friday, for a fantastic 6.71X gain! Congrats to those who bought the Calls!
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