PNC The PNC Financial Services Group Options Ahead of Earnings

If you haven`t bought PNC here:

Then analyzing the options chain and the chart patterns of PNC The PNC Financial Services Group prior to the earnings report this week,
I would consider purchasing the 120usd strike price Puts with
an expiration date of 2024-3-15,
for a premium of approximately $8.75.
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.

Operación cerrada: objetivo alcanzado:

PNC traded at $115.58 after the earnings. I wasn`t monitoring the options at that time, but for sure the Puts were profitable.