HBAN Huntington Bancshares Incorporated Options Ahead of Earning

Analyzing the options chain and the chart patterns of HBAN Huntington Bancshares prior to the earnings report this week,
I would consider purchasing the 110usd strike price in the money Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.87.
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:

HBAN traded at $9.41 after earnings, and the Puts went up from $0.87 (when I wrote this article) to $1.35 at the close today (a lot higher intraday), for about 55% gain!