Interesting Trades on my Radar: $PTON

Peloton (PTON) disappointed the crowd setting up for a big win on earnings. It seems to be a relentless group, because the Call activity is picking up again.


Unusual Call Options Activity in PTON

You can see from the data that over 67,000+ PTON options have traded on the day, mainly on the Call side. In fact, I will tell you most of them are in the next two weeks.

IT PTON Options Data

FREE Data! Click the image to get Free Unusual Options Activity data with filters. This is the best place I could find for easy to navigate information. Please keep in mind that this is an affiliate link. I have vetted the site and I am a full subscriber. It's awesome!

This particular trade in March is interesting. 7k contracts of the March 21st $30 Calls have trade already but the buyer seems to be coming back. There is no outright event to look at, but look at the buyer's Risk Reward Breakeven Price (RR$): 

IT PTON New Options Chain

The buyer's risk reward level is north of $34.69. Now, if you look at the chart, that's right back to pre-earnings levels. Interesting!

IT PTON Stock chart

Can it get there?
What do you think?
Comment below and let me know.

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Monthly returns through Oct

I chose March, 2019, because that's when I made my first public presentation in New York at the NY TRADER EXPO. 

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About the Author Felix Frey

As a Wall Street Veteran, Options Expert, and founder of OptionsGeek, Felix has found a way to simplify options. He's on a mission to close the knowledge gap between the Top 1% and everyone else.