SPWH Sportsman's Warehouse Holdings Options Ahead of Earnings

TopgOptions Updated   
NASDAQ:SPWH   Sportsman's Warehouse Holdings, Inc.
Analyzing the options chain and the chart patterns of SPWH Sportsman's Warehouse Holdings prior to the earnings report this week,
I would consider purchasing the 5usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $0.65.
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:
SPWH traded at $2.98 after earnings, and the Puts went up from $0.65 (when I wrote this article) to $1.80 at the close today (a lot higher intraday), for a fantastic 2.75X gain!


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.