PBR Petroleo Brasileiro Options Ahead of Earnings

Analyzing the options chain and the chart patterns of PBR Petroleo Brasileiro prior to the earnings report this week,
I would consider purchasing the 17usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $3.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

Trading ditutup: target tercapai:

PBR traded at $14.49 after earnings, and the Puts went up from $3.20 (when I wrote this article) to $6.40 at the Ask side yesterday, for about 2X gain!