If you haven`t bought GIS here: or ahead of earnings here: Nor sold it here:
Then analyzing the options chain and the chart patterns of GIS General Mills prior to the earnings report this week, I would consider purchasing the 65usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $1.52. 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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GIS traded at $64.54 after earnings. I haven`t monitored the options back then.
Analyzing GIS General Mills options and chart patterns ahead of the earnings report, your strategy to buy $65 strike price Puts with an Oct 20, 2023, expiration date at a $1.52 premium seems well-considered. The plan to secure profits before the earnings release adds a prudent touch. Best of luck with your trade!
AMIT-RAJAN
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Thank you for analysis like the snapshots and description you shared in publication