EBAY Options Ahead of Earnings

If you haven`t sold EBAY on active buyers decline:

or here:

Then analyzing the options chain and chart patterns of EBAY prior to the earnings report this week,
I would consider purchasing the $47.50 strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $1.60.
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

EBAY traded at $43.30 after earnings, and the Puts are up from $1.60 (when I wrote this article) to $4.15 at the close today (even higher intraday), for an impressive 2.6X gain!
Congrats for those who have the Puts!

TopgOptions

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by TopgOptions