We have net debits on Etsy (ETSY) and Peloton Interactive (PTON). I am recommending we initiate a new put position on ETSY and a new spread on PTON to reduce those net debits.
You can enter today’s trades even if you were not in the previous ones. Just be aware that we will be tracking them as ongoing positions.
If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the PTON trade.
ETSY Net Debit
Current Stock Price: $169.98
Net Debit: $1.13
Action: Sell to open the ETSY May Monthly (5/21) 160 Put for around $3
New Cash in Hand: $1.87
PTON Net Debit
Current Stock Price: $87.55
Net Debit: $8.21
- Sell to open the PTON May Monthly (5/21) 80 Put for around $1.38
- Buy to open the PTON May Monthly (5/21) 75 Put for around $0.67
- Set initial credit limit at $0.71
New Net Debit: $7.50