Peloton Interactive, Inc.
Short
Updated

PTON Earnings

525
Not really sure why this has the same market cap as an auto manufacturer, last time I checked stationary bikes don;t get you anywhere.

Risky bet, only 2 put contracts, but lots of stocks falling on earnings so giving this a go. Also overbought and pumptarded.
Note
AH indicates a gap up tomorrow. Not adding any, either this is going over $100 or down to $70 on earnings. I see a big move, probably should have done a straddle instead of 2 put contracts.
Note
Dropped a contract on the dip today, looks like I hosed myself for a few hundred. Oh well.
Note
Should;ve sold both but I got greedy because of the chart pattern.

Chart TA doesn;t work on earnings....
Trade closed manually
Faded the gap and reduced my losses. Out now on the gap fill.
Note
LOL, buy the rumor, sell the news. No position any more, I made a killing on MU calls this morning. The market has moved on to the next pump and dump.

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