We have Lululemon Athletica (LULU) and Peloton Interactive (PTON) put spreads expiring today.
Our LULU spread is on track to expire worthless. We will sell a new spread soon to continue to work down our net debit on the position.
PTON, on the other hand, needs to be rolled to avoid assignment.
LULU Jul Week One (7/2) 340/330 Put Spread
Current Stock Price: $375.38
Net Debit: $1.81
Action: Watch spread expire worthless
PTON Jul Week One (7/2) 100/90 Put Spread
Current Stock Price: $110.34
Net Debit: $5.23
- Buy to close the PTON Jul Monthly (7/16) 115 Put for around $4.70
- Sell to close the PTON Jul Monthly (7/16) 105 Put for around $0.07
- Set initial debit limit at $4.63
- Sell to open the PTON Aug Monthly (8/20) 110 Put for around $6.85
- Buy to open the PTON Aug Monthly (8/20) 100 Put for around $3
- Set initial credit limit at $3.85
New Net Debit: $6.01