Peloton (PTON) reports earnings today after the close. I normally don’t get into a position with earning coming, but I like the way the market is moving, and I think PTON can come out with good earnings being a COVID stock.
I bought 500 shares of PTON at $119 and sold 5 contracts of the $120 Calls expiring tomorrow.
Peloton – Buy-Write
Buy 500 Shares PTON @ $119.00
Sell to Open 5 PTON 11/6/20 $120.00 C @ $6.00 (+$3000)
I like the stock, and I like the 2 day premium. I’m hoping for good earnings and an assignment. It would be a great 2 day trade!
Successful trading,
Steve
The Options Coach