WOOF Petco Health and Wellness Company Options Ahead of Earnings

Analyzing the options chain of WOOF Petco Health and Wellness Company prior to the earnings report this week,
I would consider purchasing the 9usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $1.20
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:

WOOF reached a new 52-week low after earnings, trading at $7.29, resulting in a 2X gain on those put positions.