The 2.0 Fin expansion target was hit today and the stock has retreated.
Despite upgrades, large short interest and heavy call buying this may a good time to cash in as the stock is overbought and could be source of some profit taking into the year end.
Unusual options
Peloton Interactive call volume above normal and directionally bullish Bullish option flow detected in Peloton Interactive with 10,764 calls trading, 4x expected, and implied vol increasing almost 10 points to 78.30%. Jan-20 33 puts and Dec-19 36 calls are the most active options, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 0.60. Earnings are expected on February 5th. Read more at:thefly.com
Peloton Interactive, Inc. is the interactive fitness platform, which engages in the operation of in-studio fitness classes, fitness clubs, at-home fitness equipment & content and health & wellness apps. It operates through the following segments: Connected Fitness Products, Subscription, and Other. The Connected Fitness Products segment engages in the sale of bike and tread and related accessories, associated fees for delivery and installation, and extended warranty agreements. The Subscription segment engages in the connected fitness subscription and digital subscription. The Other segment consists of peloton branded apparel. The company was founded by John Foley, Tom Cortese, Yony Feng, Hisao Kushi, Marion Roaman, and Graham Stanton in 2012 and is headquartered in New York, NY.
Despite upgrades, large short interest and heavy call buying this may a good time to cash in as the stock is overbought and could be source of some profit taking into the year end.
Unusual options
Peloton Interactive call volume above normal and directionally bullish Bullish option flow detected in Peloton Interactive with 10,764 calls trading, 4x expected, and implied vol increasing almost 10 points to 78.30%. Jan-20 33 puts and Dec-19 36 calls are the most active options, with total volume in those strikes near 6,200 contracts. The Put/Call Ratio is 0.60. Earnings are expected on February 5th. Read more at:thefly.com
Peloton Interactive, Inc. is the interactive fitness platform, which engages in the operation of in-studio fitness classes, fitness clubs, at-home fitness equipment & content and health & wellness apps. It operates through the following segments: Connected Fitness Products, Subscription, and Other. The Connected Fitness Products segment engages in the sale of bike and tread and related accessories, associated fees for delivery and installation, and extended warranty agreements. The Subscription segment engages in the connected fitness subscription and digital subscription. The Other segment consists of peloton branded apparel. The company was founded by John Foley, Tom Cortese, Yony Feng, Hisao Kushi, Marion Roaman, and Graham Stanton in 2012 and is headquartered in New York, NY.