KBH KB Home Options Ahead of Earnings

Analyzing the options chain and the chart patterns of KBH KB Home prior to the earnings report this week,
I would consider purchasing the 45usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $2.92.
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: cible de profit atteinte:

KBH traded at $45.19 after earnings, and the Puts went up from $2.92 (when I wrote this article) to $3.40 at the close today (a lot higher intraday), for about 15% gain!