PTON Trade on May 7, 2020 09:31 from J_Matrix: Tradervue User Stock Trades.

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J_Matrix

 

PTON had great ER reaction

Catalyst Source

-PTON's opening drive play was extremely predictable as we have seen throughout this ER season when a company had fantastic news and spikes huge. It predicates that the market will take profits at the get go.

-PTON wan't able to get over 46 as a premarket high twice and that was the resistance I used to gauge the opening top.

-The first minute candle was weak as shown from the tape. I peeled off profits as it pulls. Once the stock started reversing and the initial selling pressure ease off on the tape, I covered and got flat.

Shares Traded: 400
PNL: 145.50


Execution detail:

Date/time Symbol Side Price Position
2020-05-07 09:31:33 PTON sell $45.080 short
2020-05-07 09:32:06 PTON buy $44.470 short
2020-05-07 09:32:55 PTON buy $43.960 short
2020-05-07 09:33:20 PTON buy $44.510 0


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