PTON Trade on Sep 10, 2020 12:51 from tradelikelarry: Tradervue User Stock Trades.

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Trade Planning:

Daily Chart: Uptrend, Consolidation below ATH.
TTM Squeeze: N/A
Earnings Date: 9/10
IV: 271%
Potential Profit: $59
Potential Loss: $491

Reason For Entry:

Playing the Daily chart, Put Credit Spread. Entered trade at EOD as earnings will be released after hours. Our profit level is 19% below the initial entry. Risking about 2% of portfolio.

Reason For Exit:

Price action closed above our Target level at expiration and collected 100% of the premium.

Recap:

Entry was correct as we executed the PCS at EOD and the profit level was 19% below the initial entry. Risked 2% of portfolio on this trade. Earnings were released after hours and price action flushed pretty much for the rest of the day but maintained well above our profit level. Nice small win on this high probable trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-09-10 12:51:50	11 SEP 20 76 PUT	sell	$0.7000	short
2020-09-10 12:51:50	11 SEP 20 75 PUT	buy	$0.6000	long
2020-09-10 13:59:10	11 SEP 20 73.5 PUT	sell	$0.6700	short
2020-09-10 13:59:10	11 SEP 20 73 PUT	buy	$0.6100	long
2020-09-10 14:58:34	11 SEP 20 73.5 PUT	sell	$0.8500	short
2020-09-10 14:58:34	11 SEP 20 73 PUT	buy	$0.7900	long
2020-09-10 16:35:24	11 SEP 20 72 PUT	sell	$0.7700	short
2020-09-10 16:35:24	11 SEP 20 71.5 PUT	buy	$0.7200	long
2020-09-10 16:35:24	11 SEP 20 72 PUT	sell	$0.7700	short
2020-09-10 16:35:24	11 SEP 20 71.5 PUT	buy	$0.7200	long
2020-09-10 16:35:24	11 SEP 20 72 PUT	sell	$0.7700	short
2020-09-10 16:35:24	11 SEP 20 71.5 PUT	buy	$0.7200	long
2020-09-12 07:14:47	11 SEP 20 73.5 PUT	buy	$0.0000	0
2020-09-12 07:20:50	11 SEP 20 76 PUT	buy	$0.0000	0
2020-09-12 07:51:19	11 SEP 20 72 PUT	buy	$0.0000	0
2020-09-12 07:52:49	11 SEP 20 73 PUT	sell	$0.0000	0
2020-09-12 07:54:24	11 SEP 20 75 PUT	sell	$0.0000	0
2020-09-12 08:21:18	11 SEP 20 71.5 PUT	sell	$0.0000	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PTON&trade=19359797&end=20201011&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PTON&trade=19359797&end=20201011&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PTON&trade=19359797&end=20201011&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PTON&trade=19359797&end=20210208&i=w&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

PTON Trade on Sep 10, 2020 12:51 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:

Reason For Entry:

Reason For Exit:

Recap:

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