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Income Masters Trade Alert: PTON, UPS

Peloton Interactive (PTON) sold off sharply this week with other pandemic stocks on promising news about a potential coronavirus vaccine. I think this is an absurd overreaction and expect at least a modest bounce. I am recommending we roll our put to buy time for shares to recover.

The PTON spread has another week and a half until expiration, so no action is needed on that yet.

I am also recommending we book profits on our United Parcel Service (UPS) spread.

PTON Nov Week Two (11/13) 115 Put

Note: No action is needed on the PTON Nov Monthly (11/20) 115/105 Put Spread at this time.

Current Stock Price: $100.03

Net Debit $0.08

Action:

  • Buy to close the PTON Nov Week Two (11/13) 115 Put for around $14.95
  • Sell to open the PTON Nov Monthly (11/20) 115 Put for around $15.80
  • Set initial credit limit at $0.85

Cash in Hand: $0.77

UPS Nov Monthly (11/20) 145/135 Put Spread

Current Stock Price: $166.50

Cash in Hand: $0.96

Action:

  • Buy to close the UPS Nov Monthly (11/20) 145 Put for around $0.14
  • Sell to close the UPS Nov Monthly (11/20) 135 Put for around $0.06
  • Set initial debit limit at $0.08

Profit: $0.88, or $88 per spread

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