LW Lamb Weston Holdings Options Ahead of Earnings

If you haven`t sold LW here:

Then analyzing the options chain and the chart patterns of LW Lamb Weston Holdings prior to the earnings report this week,
I would consider purchasing the 90usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $2.02.
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.

Dagangan ditutup: sasaran tercapai:

LW traded at $81.60 after earnings and for sure the puts were up at least 4X by then, but I haven`t monitored the options.