Then analyzing the options chain and the chart patterns of CALM Cal-Maine Foods prior to the earnings report this week, I would consider purchasing the 45usd strike price Puts with an expiration date of 2023-12-15, for a premium of approximately $1.35. 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
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CALM traded at $42.50 after the earnings and the puts went up at least 2X at that time, for sure, but I haven`t monitored the options back then.