AMGN Amgen Options Ahead of Earnings

Updated
If you haven`t sold AMGN on the HZNP deal:
AMGN Amgen to buy HZNP for $27.8 Billion


Then analyzing the options chain and the chart patterns of AMGN Amgen prior to the earnings report this week,
I would consider purchasing the 262.5usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $8.15.
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 closed: target reached
AMGN reached $249.94 after earnings and the puts were for sure profitable at that point, put I haven`t monitored the options chain back then.
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