If you haven`t bought GIS here: or ahead of earnings here: Nor sold it here:
Then analyzing the options chain and the chart patterns of GIS General Mills prior to the earnings report this week, I would consider purchasing the 65usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $1.52. 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 closed: target reached
GIS traded at $64.54 after earnings. I haven`t monitored the options back then.
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