Analyzing the options chain of AYI Acuity Brands prior to the earnings report this week,
I would consider purchasing the 160usd strike price Puts with
an expiration date of 2023-7-21,
for a premium of approximately $6.35.
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...
It is possible that AYI is in the 4th wave correction unfolding within wxyxz structure.
The trendline support (white) is right under the price.
Watch both trendlines (white and yellow) for further clue.
The breakout of the yellow resistance is a good buy trigger for the last wave up.
