Looking at the WDFC WD-40 Company options chain ahead of earnings , i would buy the $175 strike price Puts with 2023-4-21 expiration date for about $6.40 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 closed: target reached
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WDFC reached $164.04 after earnings! Puts at least 2X at that point.