CROX Crocs Options Ahead of Earnings

Analyzing the options chain and the chart patterns ofCROX Crocs prior to the earnings report this week,
I would consider purchasing the $120 strike price Puts with
an expiration date of 2023-12-15,
for a premium of approximately $13.10.
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:

CROX traded at $101.01 after earnings, and the Puts are up from $13.10 (when I wrote this article) to $22.25 at the close today (even higher intraday), for a decent 70% gain!