Analyzing the options chain and the chart patterns of GES Guess? prior to the earnings report this week, I would consider purchasing the 19usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $1.07. 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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GES traded at $17.92 before the earnings, and the Puts went up from $1.07 (when I wrote this article) to $1.90 at the close today (a lot higher intraday), for about 80% gain!