Looking at the WDFC WD-40 Company options chain ahead of earnings , I would buy the $160 strike price Puts with 2023-1-20 expiration date for about $6.65 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.
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WDFC reached $158.10 today, but the puts are not yet profitable.