PINS Pinterest Options Ahead of Earnings

If you haven`t sold PINS here:

Then analyzing the options chain of PINS Pinterest prior to the earnings report this week,
I would consider purchasing the 25usd strike price Puts with
an expiration date of 2023-9-15
for a premium of approximately $2.17.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.

I am interested to hear your thoughts on this strategy.

עסקה סגורה: היעד הושג:

PINS trading at $22.34 after earnings. Calls trading at $3.95 from $2.17 after earnings. About 85% gain.

עסקה פעילה:

PINS trading at $21.05 intraday. PUTS trading at $4.65, even higher intraday.
A 2.14X Profit! I think we can write some calls this week on PINS, or long it from $20.