Analyzing the options chain and the chart patterns of NU Holdings prior to the earnings report this week, I would consider purchasing the 40usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $3.90. 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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EAT traded at $33.36 after earnings, and the Puts went up from $3.90 (when I wrote this article) to $5.90 at the close today (higher intraday), for a decent 50% gain!