Peloton (PTON) Naked Puts Sold

by | Mar 24, 2021 | Uncategorized

Yesterday I sold Apr-01 $100.00 puts on Peloton and today has been a reminder that not all trades go my way. As I write this post, shares of Peloton are down 9% with the market reacting very negatively to news that the company released yesterday about its acquisition of 3 companies.

As long as the sun rises every day, surprises will happen in the investment space as they did today. On the positive side, I have 8 more days to the put expiry date so the share price could rebound. Or not. Fortunately, I took a small position on this trade so a loss won’t hurt much. And let’s bear in mind that losses are expected. What is most important is that, as a trader, my process of selecting stocks and strike prices is sound and that I continue to follow it.

PTON Naked Put Trade Table