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SFPC Trade Alert: PTON, TSM

Some of you own Peloton Interactive (PTON) shares uncovered. For those people, I am recommending a call to sell to reduce out cost basis on the position.

I am also recommending a spread on Peloton for those of you who have a net debit from the previous PTON spread position.

Our Taiwan Semiconductor Manufacturing (TSM) spread is on track to expire worthless. I will recommend a new spread soon to reduce our net debit.

PTON Uncovered Shares

Current Stock Price: $103.15

Cost Basis: $123.05

Action: Sell to open the PTON Apr Week One (4/1) 107 Call for around $1.91, but adjust as needed to sell a call today

New Cost Basis: $121.14

PTON Spread

Net Debit: $8.93

Action:

  • Sell to open the PTON Apr Week One (4/1) 100 Put for around $2.13
  • Buy to open the PTON Apr Week One (4/1) 90 Put for around $0.46
  • Set initial credit limit at $1.67, but adjust as needed to sell a spread today

New Net Debit: $7.26

TSM Mar Week Four (3/26) 110/105 Put Spread

Current Stock Price: $113.42

Net Debit: $4.52

Action: Watch spread expire worthless

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