If you haven`t sold LW before the previous earnings:
Then analyzing the options chain and the chart patterns of LW Lamb Weston Holdings prior to the earnings report this week, I would consider purchasing the 75usd strike price Puts with an expiration date of 2024-10-18, for a premium of approximately $0.75. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trading ditutup: target tercapai
LW traded at $78.76 after earnings, and the Puts went up from $0.75 (when I wrote this article) to $4.65 at the close on Friday (higher intraday), for a fantastic 6.2X gain! WOW! Congrats to those who bought the Puts!!!
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