Analyzing the options chain and the chart patterns of BBWI Bath & Body Works prior to the earnings report this week, I would consider purchasing the 38.5usd strike price Calls with an expiration date of 2023-8-25, for a premium of approximately $0.87. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Was actually considering a strong sell off considering the other retailers in the space have been underperforming. Additionally, commercial space vendors dropping like flies. Perhaps the tightening from management to close stores that are underperforming is working? Seems weak