Then you should know that looking at the PM Philip Morris options chain ahead of earnings , I would buy the $100 strike price Puts with 2023-3-17 expiration date for about $1.80 premium. If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
Looking forward to read your opinion about it.
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PM reached the price target today, trading at $99.67. Puts starting to see some profits. i would still keep the trade.