Analyzing the options chain and the chart patterns of W Wayfair prior to the earnings report this week, I would consider purchasing the 80usd strike price in the money Puts with an expiration date of 2023-9-15, even though the stock is up in the pre-market today. 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
W traded at $71.56 ahead of earnings. Haven`t monitored the options chain.
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