Then analyzing the options chain and the chart patterns of LW Lamb Weston Holdings prior to the earnings report this week, I would consider purchasing the 90usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $2.02. 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
LW traded at $81.60 after earnings and for sure the puts were up at least 4X by then, but I haven`t monitored the options.
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