HAL Halliburton Company Options Ahead of Earnings

Analyzing the options chain and the chart patterns of HAL Halliburton Company prior to the earnings report this week,
I would consider purchasing the 42usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $4.60.
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.

أغلقت الصفقة: تم الوصول للهدف:

HAL traded at $38.93 after earnings, and the Puts went up from $4.60 (when I wrote this article) to $5.70 at the close today (a lot higher intraday), for about 25% gain!