AMRK A-Mark Precious Metals Options Ahead of Earnings

Analyzing the options chain and the chart patterns of AMRK A-Mark Precious Metals prior to the earnings report this week,
I would consider purchasing the 35usd strike price in the money Puts with
an expiration date of 2023-9-15,
for a premium of approximately $1.92.
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 stängt: målet nått:

AMRK traded at $31.58 at the expiration date, and the Puts went up from $1.92 (when I wrote this article) to $3.32 at the close today (higher intraday), for about 65% gain!