EBAY Options Ahead of Earnings

TopgOptions Updated   
BATS:EBAY   eBay Inc.
If you haven`t sold EBAY before the previous earnings:
or here:

Then analyzing the options chain and the chart patterns of EBAY prior to the earnings report this week,
I would consider purchasing the 40usd strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $1.65.
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:
EBAY reached $37.33 after the earnings release and the puts were for sure profitable at that point, but I haven`t monitored the options chain. Perhaps a 2X gain based on the price action and implied volatility.


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