Analyzing the options chain and the chart patterns of GPS The Gap prior to the earnings report this week, I would consider purchasing the 9usd strike price Puts with an expiration date of 2023-12-15, for a premium of approximately $0.73. 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 manually
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GPS traded at $9.47 after earnings, and the Puts went up from $0.73 (when I wrote this article) to $1.02 at the close today (higher intraday), for about 40% gain!