AYI Acuity Brands Options Ahead of Earnings

Analyzing the options chain of AYI Acuity Brands prior to the earnings report this week,
I would consider purchasing the 160usd strike price Puts with
an expiration date of 2023-7-21,
for a premium of approximately $6.35.
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.

Trading ditutup: target tercapai:

AYX reached $154.74 after the earnings. Haven`t monitored the options.