WBA Walgreens Boots Alliance Options Ahead of Earnings

Looking at the WBA Walgreens Boots Alliance options chain ahead of earnings , I would buy the $30 strike price Puts with
2023-6-16 expiration date for about
$1.01 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.

Looking forward to read your opinion about it.

Trade fermée: ordre d’arrêt atteint:

WBA is trading today at $29.48, which is ideal for a break-even stop on this trade. Thankfully, the longer expiration date of the puts helped a lot because I wasn't accurate in predicting the price movement after the earnings.