WIX Options Ahead of Earnings

Analyzing the options chain of WIX prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 2023-5-19,
for a premium of approximately $1.70
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:

WIX reached the price target eventually, but unfortunately, it was too late. It was trading at $74.25 intraday.
In my opinion, it's a lesson to choose longer expiration dates.