RIVN Rivian Automotive options Ahead of Earnings

If you haven`t sold RIVN Rivian after the bad news:

Then looking at the RIVN Rivian Automotive options chain ahead of earnings, i would buy the $30 strike price Puts with
2023-6-16 expiration date for about
$6.60 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.

İşlem kapandı: hedefe ulaştı:

Price target reached. the stock hit $27.36 today and the puts are trading at $7.80.