DELL Technologies Options Ahead of Earnings

If you haven`t sold DELL here:

then Analyzing the options chain of DELL Technologies prior to the earnings report this week,
I would consider purchasing the $47.5 strike price Puts with
an expiration date of 2023-7-21,
for a premium of approximately $2.10
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.

Сделка закрыта: достигнута тейк-профит цена:

DELL is trading today at $44.45, and the puts were $4.10, up from $2.10 when I wrote this article.
That's a 95% gain!