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hockeysniper
Sep 7, 2020 4:51 PM

PTON Bullish and bearish flow before earnings 

Peloton Interactive, Inc.NASDAQ

Description

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.
Comments
dillz145
Does run up in to ER mean it will go up until the Earnings Report is released, and then be bullish after?
hockeysniper
@dillz145, Yes I usually play the run up into ER. Playing earnings is 50/50
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