Picked up the $PTON 12/17 $65 Call for 0.76/contract.
Currently up 8.55%.
Trade Plan: Swing through November. PTON should hit the first minor gap up and then move with volume & momentum into the ERs drop recovery mode.
Plan of action: Take profit around $60 on the swing. If candle sticks move big will see how this moves higher.
Currently on the 1y1d 20d SMA $68, 50d SMA $80.94, $200d SMA $89.16.
10 RRR Play with a price action move of the large Gap fill here.
Will update as it unfolds.
Currently up 8.55%.
Trade Plan: Swing through November. PTON should hit the first minor gap up and then move with volume & momentum into the ERs drop recovery mode.
Plan of action: Take profit around $60 on the swing. If candle sticks move big will see how this moves higher.
Currently on the 1y1d 20d SMA $68, 50d SMA $80.94, $200d SMA $89.16.
10 RRR Play with a price action move of the large Gap fill here.
Will update as it unfolds.