{"id":11326,"date":"2021-05-07T13:05:43","date_gmt":"2021-05-07T17:05:43","guid":{"rendered":"http:\/\/www.mainstbeatswallst.com\/?page_id=11326"},"modified":"2021-05-07T13:10:13","modified_gmt":"2021-05-07T17:10:13","slug":"2-day-trade-with-pton-for-a-nice-gain","status":"publish","type":"page","link":"https:\/\/www.mainstbeatswallst.com\/?page_id=11326","title":{"rendered":"2 Day Trade with PTON for a Nice Gain"},"content":{"rendered":"

I made a trade with Peloton 2 days ago. I’ve been so hectic lately I didn’t get time to report it. I’m busy trading, answering emails. working in the year getting ready for the summer. Also 2 days this week I spent on Long Island visiting friends. One day I visited an old friend from the FDNY basketball team, Chief Mike Burke. Mike was one of the older players when I got on the job. Mike is having some health issues and is living in an assistant living facility. Very sad!<\/p>\n

Yesterday I visited one of my closest friends I played college basketball with.<\/p>\n

I sorry I’m a little slow answering emails, sometimes I get slammed. But I want them to continue coming in.<\/p>\n

Back to my trade. As you know I’m taking a beating with Peloton. I made a lot of money the past year with the stock but I think it’s all out of my account, at least most of it.<\/p>\n

With the stocking taking a huge hit lately I felt it was gonna pop a little. On Wednesday I decided to double down and buy some long term options in addition to owning the stock. It paid off! The stock did pop. I did not report the trade so with this email I included the “Trade Notifications” so you can see the trade. I bought 20 contracts of the 6\/17\/22 $80 Call for a premium of $22. This cost me $44,000.<\/p>\n

5\/5\/21 – Buy to Open 20 PTON 6\/17\/21 $80.00 C @ $22.00<\/strong><\/p>\n

As most readers know I don’t buy short term options. I think it’s a losers game! I’d rather spend more money on the long term option and get a lot of protection. This doesn’t mean I hold it long term. If I make a profit I get out. PTON popped and I only held 2 days. I sold this option today for a nice, much needed gain.<\/p>\n

5\/7\/21 – Sell to Close 20 PTON 6\/17\/21 $80.00 C @ $25.25<\/strong><\/p>\n

Profit $6500<\/strong><\/span><\/h4>\n

I paid $22 for $44,000 and sold at $25.25 for $50,500 for a profit of $6500.<\/p>\n

Since I didn’t have time to report this trade I included snap shots of my Trade Notifications.<\/p>\n

 <\/p>\n

Buy to Open & Sell to Close<\/strong><\/p>\n

 <\/p>\n

\"\"<\/a>\"\"<\/a><\/p>\n

 <\/p>\n

In the next week I have a lot of work to do. It’s time to pay the taxes for last year. I’m not a happy camper lol. My account might have to get reduced my a large amount. Oh well, there’s no free lunch! And it looks lunch might be more expensive next year.<\/p>\n

 <\/p>\n

 <\/p>\n

Successful trading,<\/p>\n

Steve<\/p>\n

The Options Coach<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

I made a trade with Peloton 2 days ago. I’ve been so hectic lately I didn’t get time to report it. I’m busy trading, answering emails. working in the year getting ready for the summer. Also 2 days this week I spent on Long Island visiting friends. One day I visited an old friend from […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"class_list":["post-11326","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-2WG","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11326"}],"version-history":[{"count":3,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11326\/revisions"}],"predecessor-version":[{"id":11330,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/11326\/revisions\/11330"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}