Peloton looks like it will continue to run up. It’s up $2 in the pre-market. I was just filled on buying 1000 shares at $119. All Calls of my Triple Play Hedge are now covered. I now have (3) 10 contract Covered Calls to expire tomorrow at the close.
Buy 1000 Shares PTON @ $119.00
Now I hope PTON gets above $120 and I get assigned on all my shares. I now have 3 Covered Calls with the strike Prices of $109, $118 and $120. If I get assigned on all these positions it will help give me a great week.
Successful trading,
Steve
The Options Coach