Skip to content
Options Income Masters
93% of My Members Collect An Extra Paycheck Every Week!
Options Income Masters
  • Main
  • OIB Training
  • Weekly Update
  • Trading
    • Menu icon-Income Masters-
    • Menu icon-Options Income Blueprint-
    • Menu icon-Income Madness Week-
  • Coaching
    • Menu iconSix Figure Portfolio Coaching Main Page
  • Training
    • Weekly Paycheck Training Program
    • Income Accelerator Coaching Main Page
    • Selling Weekly Options Workshop
    • Win 98% of Your Trades
  • About Us
  • Login
close
  • Home
  • Dashboard
  • Login

Income Masters Trade Alert: LULU, PTON

Both Lululemon Athletica (LULU) and Peloton Interactive (PTON) have been hit hard in the past two weeks. I am recommending we roll our spreads down and out to the March monthly expiration.

LULU Feb Week Four (2/26) 310/300 Put Spread

Current Stock Price: $306.42

Net Debit: $4.54

Action:

  • Buy to close the LULU Feb Week Four (2/26) 310 Put for around $3.50
  • Sell to close the LULU Feb Week Four (2/26) 300 Put for around $0.30
  • Set initial debit limit at $3.20, but adjust as needed
  • Sell to open the LULU Mar Monthly (3/19) 290 Put for around $4.80
  • Buy to open the LULU Mar Monthly (3/19) 280 Put for around $2.65
  • Set initial credit limit at $2.15, but adjust as needed

New Net Debit: $5.59

PTON Feb Week Four (2/26) 125/115 Put Spread

Current Stock Price: $116.16

Net Debit: $2.80

Action:

  • Buy to close the PTON Feb Week Four (2/26) 125 Put for around $8.75
  • Sell to close the PTON Feb Week Four (2/26) 115 Put for around 1
  • Set initial debit limit at $7.75, but adjust as needed
  • Sell to open the PTON Mar Monthly (3/19) 105 Put for around $3.95
  • Buy to open the PTON Mar Monthly (3/19) 100 Put for around $2.80
  • Set initial credit limit at $1.15, but adjust as needed

New Net Debit: $9.40

Go to Top
×