PTON Peloton Interactive Options Ahead of Earnings

Updated
Analyzing the options chain and the chart patterns of PTON Peloton Interactive prior to the earnings report this week,
I would consider purchasing the 3.50usd strike price Calls with
an expiration date of 2024-8-23,
for a premium of approximately $0.24.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.



Trade closed: target reached
PTON traded at $4.97 at expiration, after earnings, and the Calls went up from $0.24 (when I wrote this article) to $1.34 at the close of the day, for a fantastic 5.58X gain!
WoW!
Congrats to those who bought the calls!
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