Then I think you already know that the company is accused of fraud! Now analyzing the options chain of SQ Block prior to the earnings report this week, I would consider purchasing the 59usd strike price Puts with an expiration date of 2023-5-19, for a premium of approximately $2.71. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
I am interested to hear your thoughts on this strategy.
Trade active
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SQ trading at $57.63 ahead of earnings. Puts at $4.05, from $2.71 when i wrote this article. Up 50%, and even more intraday.