Let’s close our Peloton Interactive (PTON) put rather than roll, booking a small profit. The company is scheduled to report earnings next week. And as I mentioned when we entered the trade, I do not want to hold a position through the announcement.
Current Stock Price: $90.15
Cash in Hand: $0.70
Action: Buy to close the PTON Oct Week Five (10/29) 90 Put for around $0.53, but adjust as needed to close today
Profit: $0.17, or $17 per contract