PTON Bullish and bearish flow before earningsBacktested 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.
Trade ideas
PTON Move IncomingBeen a minute but this is a classic wedge formation that I wanted to post. Personally I am bearish but this could be a bull flag... only time will tell, but if you do want in the SL will be at the high shown from today.
Manage your risk but you can probably get in tomorrow if it does not gap down/up.
$PTON Peloton Reversal Trade
New channel formed which has been respected for
1 month, next potential move is to the upper trendline.
$64 is good support and a decent stop loss level.
MA's are now resistance so advances higher may be slow.
As earnings approach in 2 weeks we could see a run up into the report
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$PTON Riding the channelThe market was not conducive to many trades today. But, I'm looking for $PTON to move back up into this channel. I'll have an entry trigger above today's high at $67.80.
I entered this yesterday 8/13 @ $66.34 but it weakened today so I closed it at $64.83 for a small loss. Looking for a re-entry. Ideas not investing / trading advice.
$PTON Potential Channel Break Targets for Peloton
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PTON Stifel analyst Scott Devitt raised the firm's price target on Peloton to $72 from $62 and keeps a Buy rating on the shares. Devitt's observations across the home fitness category suggest consumer interest in building out quality home gym setups, including Pelotons, remains elevated, adding that Peloton order-to-delivery windows remain wide across major metros, indicating Bike demand has sustained well into the summer. The analyst expects orders to continue to outperform expectations over the next several quarters.






















