If you haven`t sold SFIX here, after disappointing earnings:
Then analyzing the options chain and the chart patterns of SFIX Stitch Fix prior to the earnings report this week, I would consider purchasing the 3.50usd strike price in the money Puts with an expiration date of 2023-10-20, for a premium of approximately $0.48. 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
SFIX traded at $2.78 this week. Haven`t monitored the options, I suppose the were up at least 50% at that level.
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