Date: 8/27/2020

Company: Peloton Interactive Inc

Symbol: PTON

Summary:

• Earnings Date: Currently set for 9/10
• Options Play: PTON 9/18 $70 CALL
• Entry: $6.00

Suggested Strategy:

Open 2 or 3 positions prior to earnings.  Exit 1 or 2 positions starting at $10 to reduce or eliminate risk altogether.  Keep one position through earnings.

Order Details

• Action: Buy to Open
• Symbol: PTON
• Quantity: 2 or 3 contracts
• Expiration: Sept 10
• Strike: 70
• Type: CALL
• Limit price: $6.00

Stock Target Price: $90

Total cost of trade: $1,200 - $1,800