Analyzing the options chain of W Wayfair prior to the earnings report this week, I would consider purchasing the 50usd strike price Calls with an expiration date of 2023-5-19, for a premium of approximately $3.65. 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
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RPD reached the price target eventually, but unfortunately, it was too late. It was trading at $50.60 this week. In my opinion, it's a lesson to choose longer expiration dates.