W Wayfair Options Ahead of Earnings

Analyzing the options chain of W Wayfair prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $3.75.
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.

İşlem aktif:

W trading at $29.51 intraday, ahead of earnings. Puts at $5.50 now, up about 50%, and much higher intraday.