SMPL The Simply Good Foods Company Options Ahead of Earnings

Mar 31, 2024

Analyzing the options chain and the chart patterns of SMPL The Simply Good Foods Company prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $1.90.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Apr 6, 2024

Trade closed: target reached

SMPL traded at $30.00 after earnings, and the Puts went up from $1.90 (when I wrote this article) to $3.20 at the close on friday (a lot higher intraday), for about 70% gain!