SFIX Stitch Fix Options Ahead of Earnings

By TopgOptions
Updated
If you haven`t sold SFIX here, after disappointing earnings:
SFIX disappointing Q2 earnings


Then analyzing the options chain and the chart patterns of SFIX Stitch Fix prior to the earnings report this week,
I would consider purchasing the 3.50usd strike price in the money Puts with
an expiration date of 2023-10-20,
for a premium of approximately $0.48.
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
SFIX traded at $2.78 this week. Haven`t monitored the options, I suppose the were up at least 50% at that level.
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