STT State Street Corporation Options Ahead of Earnings

Analyzing the options chain of STT State Street Corporation prior to the earnings report this week,
I would consider purchasing the 75usd strike price Puts with
an expiration date of 7/21/2023,
for a premium of approximately $1.75.
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.

Trade fermée: cible de profit atteinte:

State Street Corporation (STT) reached $68.05 after the earnings, and the puts went from $1.75 when I wrote this article to $7.20 intraday, for a fantastic 4.10X gain! WOW!