PTON Bullish and bearish flow before earnings
Backtested the breakout point ($72.1) on Sep 4 or pivot point and held the 20 SMA. Earnings whisper is expecting .13c EPS and $560 mill revenue. Previous Q was $524 Mill, which was a beat. Bullish option flow bought Sep 2 - Over 4000 Sep 11 $120 calls bought and 2900 $110 calls (These would be all down). Bearish flow - On sep 1, Oct/ Jan 2021 call spread $80 bought sold the $85's. Sep 4, the Apr 2021 $90 calls were sold. I would play the run up into ER, then sell.
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