CTAS Cintas Corporation Options Ahead of Earnings

24 de set. de 2023

Analyzing the options chain and the chart patterns of CTAS Cintas Corporation prior to the earnings report this week,
I would consider purchasing the 500usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $10.70.
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.

3 de out. de 2023

Trade fechado: objetivo atingido

CTAS reached $475 after the earnings and the Puts went up from $10.70 to at least $25 for about 2.5X gain.