TopgOptions

SCHW The Charles Schwab Corporation Options Ahead of Earnings

Short
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NYSE:SCHW   Charles Schwab Corporation (The)
Looking at the SCHW The Charles Schwab Corporation options chain ahead of earnings , I would buy the $82.5 strike price at the money Puts with
2023-6-16 expiration date for about
$5.40 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.

Looking forward to read your opinion about it.




Trade active:
Trading still active, puts are profitable and the stock reach $79.24 intraday. I think it can go even lower.
Comment:
SCHW trading at $75.47 today and puts were $8.65 at the close, from $5.40 when i gave the signal. i think we can 2X the money on those puts soon.

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