DOOO BRP Inc Options Ahead of Earnings

Analyzing the options chain and the chart patterns of DOOO BRP Inc prior to the earnings report this week,
I would consider purchasing the 70usd strike price Puts with
an expiration date of 2024-2-16,
for a premium of approximately $2.50.
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.

Trade fermée manuellement:

DOOO traded at $72.57 after earnings, and the Puts went up from $2.50 (when I wrote this article) to $3.40 at the close of the ER day (a lot higher intraday), for about 40% gain!