Analyzing the options chain of STT State Street Corporation prior to the earnings report this week, I would consider purchasing the 75usd strike price Puts with an expiration date of 7/21/2023, for a premium of approximately $1.75. 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
State Street Corporation (STT) reached $68.05 after the earnings, and the puts went from $1.75 when I wrote this article to $7.20 intraday, for a fantastic 4.10X gain! WOW!
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