If you haven`t sold WOOF before the previous earnings:
Then analyzing the options chain and the chart patterns of WOOF Petco Health and Wellness Company prior to the earnings report this week, I would consider purchasing the 3usd strike price Puts with an expiration date of 2024-4-19, for a premium of approximately $0.57. 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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PG traded at $2.01 after earnings, and the Puts went up from $0.57 (when I wrote this article) to $1.00 at the close on friday (a lot higher intraday), for about 75% gain!