Peloton Interactive (PTON) is expected to announce earnings tomorrow, so I am recommending we buy back our put now. We will continue the position after the announcement, carrying over a net debit.
On a personal note, an asymptomatic family member recently got a false positive on a COVID-19 rapid test called the Sofia, made by Quidel (QDEL). Two subsequent tests — a P.C.R. and a rapid test — produced negative results. Researchers found that among people without symptoms, the Sofia only detected 32% of the positive cases identified by the P.C.R. test and also produced more false positives. My point is that if you need to get tested, find out which one it is and do some research.
Current Stock Price: $117.59
Cash in Hand: $1.34
Action: Buy to close the PTON Nov Week One (11/6) 110 Put for around $2.57
Net Debit: $1.23