We have a net debit on Peloton Interactive (PTON) from an ongoing spread position. I am recommending we initiate a new spread today, which will reduce our net debit
You can enter today’s spread even if you were not in the previous trade. Just be aware that we will be tracking it as an ongoing position.
If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.
Current Stock Price: $95.25
Net Debit: $6.30
- Sell to open the PTON Oct Monthly (10/15) 80 Put for around $1.16
- Buy to open the PTON Oct Monthly (10/15) 70 Put for around $0.44
- Set initial credit limit at $0.72
New Net Debit: $5.58