MRTX Mirati Therapeutics Options Ahead of Earnings

Analyzing the options chain and the chart patterns of MRTX Mirati Therapeutics prior to the earnings report this week,
I would consider purchasing the 35usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $0.57.
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:

MRTX traded at $32.74 after earnings, and the Puts went up from $0.57 (when I wrote this article) to $1.95 at the close today (a lot higher intraday), for a fantastic 3.40X gain!
Congrats to those who bought the puts!