Yesterday I had to leave my home before the market closed. Before I left I did some Day Trading with Peloton (PTON). I’m not very happy with the stock since it’s huge drop after earnings on Nov 4th. However, yesterday I saw a good opportunity to do some Day Trading with the stock. I used the strategy I was working on the last few months. I still don’t consider myself a Day Trader but I do see some good opportunities once in a while where I can put my strategy to work.<\/p>\n
It turns out I made 4 in total. I had to leave my home at 1:30 so I probably could have made a few more…No problem! I’m happy with the few I made.<\/p>\n
The trades are listed below. I was in each for between 5 and 10 minutes.<\/p>\n
<\/p>\n
12\/8\/21 \u2013 Buy 1000 Shares PTON @ $41.75<\/strong><\/p>\n 12\/8\/21 \u2013 Sell 1000 Shares PTON @ $42.15 <\/strong><\/p>\n <\/p>\n 12\/8\/21 \u2013 Buy 1000 Shares PTON @ $43.10<\/strong><\/p>\n 12\/8\/21 \u2013 Sell 1000 Shares PTON @ $43.40 <\/strong><\/p>\n <\/p>\n 12\/8\/21 \u2013 Buy 1000 Shares PTON @ $43.85<\/strong><\/p>\n 12\/8\/21 \u2013 Sell 1000 Shares PTON @ $44.35 <\/strong><\/p>\n <\/p>\n 12\/8\/21 \u2013 Buy 1000 Shares PTON @ $44.45<\/strong><\/p>\n 12\/8\/21 \u2013 Sell 1000 Shares PTON @ $44.75<\/strong><\/p>\n <\/p>\n I’ve been writing about how much I like the fintechs. Mainly PYPL, SQ and GPN. I own stock in PYPL and SQ and own Long Calls in all 3. I bought 5 Calls with GPN on 11\/24. With PYPL and SQ I own Calls with the Expiration Date of 3\/18\/22 but GPN did not have that Expiration so I went with 2\/18\/22. Yesterday GPN was up to the point my Calls were up $2000 and with the 2\/18\/22 Expiration Date, which is a little too close for me, I decided to sell this position. It looks like the stock will open a little lower today so I’ll be buying more Calls with the Expiration Date of 5\/20\/22. This gives me a bit more Time Decay protection.<\/p>\n 11\/24\/21 \u2013 Buy to Open 5 GPN 2\/18\/22 $125.00 C @ $8.80<\/strong><\/p>\n 12\/8\/21 \u2013 Sell to Close 5 GPN 2\/18\/22 $125.00 C @ $12.80 <\/strong><\/p>\n <\/p>\n I was in this position for about 2 weeks. On the 5 contracts I invested $4400 and my profit was $2000. That’s a return of 45%.<\/p>\n <\/p>\n If you have any questions on these trades send me an email.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Yesterday I had to leave my home before the market closed. Before I left I did some Day Trading with Peloton (PTON). I’m not very happy with the stock since it’s huge drop after earnings on Nov 4th. However, yesterday I saw a good opportunity to do some Day Trading with the stock. I used […]<\/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-12949","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P75MP0-3mR","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12949","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=12949"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12949\/revisions"}],"predecessor-version":[{"id":12950,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/pages\/12949\/revisions\/12950"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\u00a0Profit +$400<\/strong><\/span><\/h4>\n
Profit +$300<\/strong><\/span><\/h4>\n
Profit +$500<\/strong><\/span><\/h4>\n
Profit +$300<\/strong><\/span><\/h4>\n
Profit +$2000<\/strong><\/span><\/h4>\n