QQQ Nasdaq 100 ETF Options Ahead of the CPI Report

The U.S. Bureau of Labor Statistics will release Consumer Price Index (CPI) data for the month of November 2022 on December 13, 2022, at 8.30am ET.
The rate of inflation is the most important data that will impact the Fed’s coming rate hike decision.

The last price target was reached:

Now looking at the QQQ options chain Ahead of the CPI Report, i would buy the $276 strike price Puts with
2023-1-20 expiration date for about
$7.67 premium.
If the options turn out to be profitable Before the CPI Report, i would sell at least 50%.

Looking forward to read your opinion about it.

Trade closed: target reached:

Price target reached today. QQQ was trading at $272.61.