ADP Automatic Data Processing Options Ahead of Earnings

2023年1月24日

Looking at the ADP Automatic Data Processing options chain ahead of earnings , I would buy the $240 strike price Puts with
2023-2-17 expiration date for about
$6.55premium.
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.

2023年1月26日

交易结束：到达目标

ADP trading at $225.54 today. Puts are now $13.85 from $6.55. A decent 2X gain.