MTN Vail Resorts Options Ahead of Earnings

Analyzing the options chain and the chart patterns of MTN Vail Resorts prior to the earnings report this week,
I would consider purchasing the 240usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $9.05.
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:

MTN traded at $212.00 today, after earnings, and the Puts went up from $9.05 (when I wrote this article) to $32.30 intraday, for about 3.55X gain!