I am recommending we roll our expiring Peloton Interactive (PTON) put to bring in more income and reduce our net debit on the position.
Note: No action is needed on our PTON Apr Monthly (4/16) 105/100 Put Spread at this time.
Current Stock Price: $119.59
Net Debit: $13.41
- Buy to close the PTON Apr Week Two (4/9) 110 Put for around $0.06
- Sell to open the PTON Apr Monthly (4/16) 115 Put for around $1.97
- Set your initial credit limit at $1.91, but adjust as needed to roll today
New Net Debit: $11.50