ABNB Airbnb Options Ahead of Earnings

Updated
If you haven`t sold ABNB on this valuation thesis:
ABNB Strong Earnings but Wrong Valuation


Then analyzing the options chain and the chart patterns of ABNB Airbnb prior to the earnings report this week,
I would consider purchasing the 150usd strike price in the money Puts with
an expiration date of 2024-2-16,
for a premium of approximately $7.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.


Trade closed: target reached
ABNB traded at $143.88 after the earnings release, and the Puts were certainly profitable. I haven't monitored the options chain back then.
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