WOOF Petco Health and Wellness Company Options Ahead of Earnings

Updated
If you haven`t sold WOOF before the previous earnings:
WOOF Petco Health and Wellness Company Options Ahead of Earnings


Then analyzing the options chain and the chart patterns of WOOF Petco Health and Wellness Company prior to the earnings report this week,
I would consider purchasing the 3usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $0.57.
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
PG traded at $2.01 after earnings, and the Puts went up from $0.57 (when I wrote this article) to $1.00 at the close on friday (a lot higher intraday), for about 75% gain!
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