Then analyzing the options chain and the chart patterns of Bank OZK prior to the earnings report this week, I would consider purchasing the 47usd strike price Puts with an expiration date of 2024-1-19, for a premium of approximately $1.32. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
OZK traded at $44.86 after the earnings release, and the puts were certainly profitable, probably 2X. However, I haven't monitored its options chain back then.
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