Analyzing the options chain of W Wayfair prior to the earnings report this week, I would consider purchasing the 35usd strike price Puts with an expiration date of 2023-5-19, for a premium of approximately $3.75. 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 active
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W trading at $29.51 intraday, ahead of earnings. Puts at $5.50 now, up about 50%, and much higher intraday.