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Income Masters Trade Alert: PTON

I am recommending we roll our Peloton Interactive (PTON) positions to avoid assignment and ladder up our Starbucks (SBUX) put for more cash.

PTON Nov Monthly (11/20) 115 Put

Current Stock Price: $101.43

Cash in Hand: $0.77

Action:

  • Buy to close the PTON Nov Monthly (11/20) 115 Put for around $13.60
  • Sell to open the PTON Dec Week One (12/4) 115 Put for around $15.40
  • Set initial credit limit at $1.80

New Cash in Hand: $2.57

PTON Nov Monthly (11/20) 115/105 Put Spread

Cash in Hand: $1.31

Action:

  • Buy to close the PTON Nov Monthly (11/20) 115 Put for around $13.60
  • Sell to close the PTON Nov Monthly (11/20) 105 Put for around $4.75
  • Set initial debit limit at $8.85
  • Sell to open the PTON Dec Week One (12/4) 95 Put for around $3.28
  • Buy to open the PTON Dec Week One (12/4) 85 Put for around $1.03
  • Set initial credit limit at $2.25

New Net Debit: $5.29

SBUX Nov Monthly (11/20) 92.50 Put

Current Stock Price: $99.29

Net Debit: $9.82

Action:

  • Buy to close the SBUX Nov Monthly (11/20) 92.50 Put for around $0.05
  • Sell to open the SBUX Nov Monthly (11/20) 97.50 Put for around $0.26
  • Set initial credit limit at $0.21

New Net Debit: $9.61

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