DRI Darden Restaurants Options Ahead of Earnings

Analyzing the options chain of DRI Darden Restaurants 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 $2.67.
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:

DRI trading at $159.30 after earnings. Haven`t monitored the options, but for sure profitable. Looking for more upside before the expiration date.