ONON On Holding AG Options Ahead of Earnings

Analyzing the options chain and the chart patterns of ONON On Holding AG prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2023-8-18,
for a premium of approximately $2.42.
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 fechado: objetivo atingido:

ONON traded at $28.55 after earnings, and the Puts went up from $2.42 (when I wrote this article) to $5.30 at the close today (a lot higher intraday), for a decent 120% gain!