Analyzing the options chain of WGO Winnebago Industries prior to the earnings report this week, I would consider purchasing the 65usd strike price Puts with an expiration date of 2023-7-21, for a premium of approximately $3.45. 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
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WGO trading at $59.06 after the earnings. The calls have increased from $3.45 to $5.00 since I wrote the article, and they reached even higher levels at some point. This represents a decent 45% gain so far.