TopgOptions

PPG Industries Options Ahead of Earnings

Short
TopgOptions Updated   
BATS:PPG   PPG Industries, Inc.
Analyzing the options chain and the chart patterns of PPG Industries prior to the earnings report this week,
I would consider purchasing the 130usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $8.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



Trade closed: target reached:
PPG traded at $129.43 today, after earnings, and the Puts went up from $8.05 (when I wrote this article) to $8.90 at the close today, for about 10% gain!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.