Stnestock
STNE StoneCo Ltd Options Ahead of EarningsLooking at the STNE StoneCo Ltd options chain ahead of earnings , i would buy the $10 strike price Puts with
2022-11-18 expiration date for about
$0.45 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
STNE backed by Buffett, names executive from JPMorgan ChaseSTNE StoneCo is a Brazilian payment-technology firm backed by Warren Buffett’s Berkshire Hathaway.
STNE is down 90% from the peak they hit in February 2021.
After another earnings miss, StoneCo named new senior managers one of them being the head of treasury, Diego Salgado, a former JPMorgan Chase & Co. director for Latin America debt capital markets.
My take profit area is between 15.60 and 19 usd.