CPNG Coupang Options Ahead of Earnings

Analyzing the options chain and the chart patterns of CPNG Coupang prior to the earnings report this week,
I would consider purchasing the 16.40usd strike price Puts with
an expiration date of 2023-11-17,
for a premium of approximately $0.65.
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.

İşlem kapandı: hedefe ulaştı:

CPNG reached $14.88 after the earnings release, and the puts were for sure profitable, but I haven`t monitored the options chain back then. Perhaps an easy 2X gain at that point.