PYPL PayPal Options Ahead of Earnings

If you haven`t shorted PayPal after my last chart:

Then you should know that looking at the PYPL PayPal options chain ahead of earnings , I would buy the $85 strike price Puts with
2023-4-21 expiration date for about
$6.30 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.

Looking forward to read your opinion about it.

Trade stängt: målet nått:

PYPL trading at $79.79 ahead of earnings. Puts are now $9.00 from $6.30. I would trim my position a bit.

Trade stängt: målet nått:

PYPL trading at $78.10 one day before the earnings. Puts went to $9.90 and we have closed our position and opened a long position in our group.