GIS General Mills Options Ahead of Earnings

If you haven`t sold GIS before the previous earnings:

Now analyzing the options chain and the chart patterns of GIS General Mills prior to the earnings report this week,
I would consider purchasing the 67.50usd strike price Puts with
an expiration date of 2024-7-19,
for a premium of approximately $2.02.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade stängt: målet nått:

GIS traded at $63.08 after earnings, and the Puts went up from $2.02 (when I wrote this article) to $6.60 on friday, for a fantastic 3.25X gain!