Peloton Interactive (PTON) is rallying in the face of the market sell-off, so I am recommending we close it now. While we’re giving back some cash to do so, remember that no one ever went broke taking profits!
Current Stock Price: $63.98
Cash in Hand: $0.55
Action: Buy to close the PTON Jul Week Two (7/10) 59 Put for around $0.11, but adjust as needed to close today
Profit: $0.44, or $44 per contract