PTON Short Position Win
Updated
Congrats to all who played with us from the top last Thursday! We have now seen a nearly 20% correction in stock price. We are up more than 80% on our puts but may hold out for more here until we go back into bullish territory (probably around $30).
I have 5/1 puts. I will sell this week since I do not like holding into the week of expiration.
I have 5/1 puts. I will sell this week since I do not like holding into the week of expiration.
Note
Locked up profits.$1.90 to $3.90. More than 100% gain! I probably could have waited longer, but why leave money on the table if you've doubled your money? Moving on to the next play. Congrats everyone!
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