TTE TotalEnergies SE Options Ahead of Earnings

Analyzing the options chain and the chart patterns of PTTE TotalEnergies SE prior to the earnings report this week,
I would consider purchasing the 60usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $1.80.
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:

TTE traded at $57.97 after earnings, and the Puts went up from $1.80 (when I wrote this article) to $3.00 at some point intraday, for about 70% gain!