$PTON #moon <--- sarcasm

I mean, honestly....
Newton's law of Gravity will apply here at sone point...
Meanwhile the weekly calls go 2-5x on a given day if you BTFD and play 5min bull flags

Consider:
Oct16'20 monthly OPEX and it'll pin somewhere?
Earnings on Nov 3 - hard to think that after a run from $72 to almost $140 it will experience a pre-ER ramp.... Probably needs to cool off for that to happen
Nov20' O/I seems to be gravitating around the $85s

200ma on 60min offers great support around 100

Daily 50ma and Weekly support levels come in around the 85-90 level

Trade active:

Is that the last push?

Comment:

If that was the last push, we need to get and sustain action below the 200ma on 5min which has held this rally nicely for a month

Comment:

That 95-100 level looks very appealing...
Does it tractor beam?

Trade active:

Some perspective.....

Trade active:

Similar pattern to the $FSLY breakdown.
Fist down day gave you "OMG its breaking!" moment to below the 200ma on 5min, rally back up with the underside tag building a bear flag and then look out below....

Comment:

Even with all the shitty action, it's still hasn't made a lower low on the daily!

Trade closed manually:

Closed for now for a small profit - had many strikes/expiries.
Price action remains strong and RS to mkt overall is notable.
Keeping a close eye as the volatility on PTON is still good for short term trdes.