RDUS Radius Recycling Options Ahead of Earnings

Analyzing the options chain and the chart patterns of RDUS Radius Recycling prior to the earnings report this week,
I would consider purchasing the 17.5usd strike price Puts with
an expiration date of 2024-9-20,
for a premium of approximately $1.15.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trade stängt: målet nått:

RDUS experienced a flash crash to $17.00 but recovered, and it is now trading at $19.98. The threat isn't over, so the put option went up from $1.15 when I wrote this article to $1.50 at the close on Friday, marking a 30% increase. If you managed to catch the selloff, that would have been at least a 2X gain!