Our Chewy (CHWY) call is on track to expire worthless. Given that the company is expected to report earnings next week, I may recommend we sell the shares before the announcement. If we do so, I will recommend a put to sell once the earnings dust settles. If we end up continuing to hold shares, I will recommend another call to sell.
Our Peloton Interactive (PTON) spread is also on track to expire worthless. I will recommend a new spread soon to reduce our net debit.
CHWY Mar Week Four (3/26) 85 Call
Current Stock Price: $ 78.66
Coast Basis: $86.80
Action: Watch call expire worthless
PTON Mar Week Four (3/26) 95/85 Put Spread
Current Stock Price: $104.30
Net Debit: $10.01
Action: Watch spread expire worthless