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
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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!