EAT Brinker International Options Ahead of Earnings

Analyzing the options chain and the chart patterns of NU Holdings prior to the earnings report this week,
I would consider purchasing the 40usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $3.90.
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:

EAT traded at $33.36 after earnings, and the Puts went up from $3.90 (when I wrote this article) to $5.90 at the close today (higher intraday), for a decent 50% gain!