Peloton was upgraded to $58 and unusual puts volume

[1957may10]

Folks, I see an opportunity there for PTON upgrade done $58 plus big volume of not realized puts there. Premarket is $45, I’m looking $50 plus today. It’s overvalued but....

 

[formikatrading]

Let's see how it "cycles" today!

 

[maxinger]

fantastic stock.
uptrend started in mid Mar 20

 

[S2007S]

This is such a trend its not even funny....
This might last a year or 2 but this trend of this fitness will slowly fade just like all fitness fads always do.

 

[1957may10]

44m outstanding shares as of yesterday .48 puts = 21.1 m puts as of yesterday.

 

[1957may10]

This is such a trend its not even funny....
This might last a year or 2 but this trend of this fitness will slowly fade just like all fitness fads always do.

I’m talking about speculation.
I doubt about investment for long. 22.1 m puts vs 8 m ave volume.

 

[1957may10]

Can somebody get before market volume?
22.1m was outstanding puts yesterday - this volume = what for sale today ave 8m per day

 

[1957may10]

Folks, I see an opportunity there for PTON upgrade done $58 plus big volume of not realized puts there. Premarket is $45, I’m looking $50 plus today. It’s overvalued but....

Please, disregard. I do not believe it work out. Sorry.

 

[maxinger]

how to trade PTON?

1. determine when is the start of trend.
In this case, it is mid Mar 20

2. determine when is FIRST opportunity to long PTON.
In this case, it is around end Mar 20

3. determine when it SECOND opportunity to long PTON.
In this case, it is around early May 20.
But it is getting rather risky to enter.

4. price may go even but the risk is getting far far too high
because price has already gone up by more than 2 times.
ie it is extremely extremely far far too late to enter.
Go look for other opportunity.

you don't really have to bother about those CALLs and PUTs volume.
Many professional writers talk about CALLs AND PUTs volume.
professional traders do things very differently from
professional writers.

 

[1957may10]

how to trade PTON?

1. determine when is the start of trend.
In this case, it is mid Mar 20

2. determine when is FIRST opportunity to long PTON.
In this case, it is around end Mar 20

3. determine when it SECOND opportunity to long PTON.
In this case, it is around early May 20.
But it is getting rather risky to enter.

4. price may go even but the risk is getting far far too high
because price has already gone up by more than 2 times.
ie it is extremely extremely far far too late to enter.
Go look for other opportunity.

you don't really have to bother about those CALLs and PUTs volume.
Many professional writers talk about CALLs AND PUTs volume.
professional traders do things very differently from
professional writers.

I got $7 per share, was going to extend by $5 from $45 to $50 today, but from current position I do not see it happened today. I sold it out $$$$ gain.
Thank for your info.