MRVL Marvell Technology Options Ahead of Earnings

Analyzing the options chain and the chart patterns of MRVL Marvell Technology prior to the earnings report this week,
I would consider purchasing the 57.50usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $3.50.
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.

Operación cerrada: objetivo alcanzado:

MRVL traded at $52.35 after earnings. I haven't monitored the options, but considering the premium and the price of the stock, it was at least a 50% gain on those puts.