Stock / Symbol: Peloton / PTON
Option Strategy: Broken Wing Butterfly Call Spread
Trade entry date / price : 28 May 2020 / $41.50
Price at this post: $50.97
Update: Although we should get filled at a debit of $1.00 before the day is done, we're upping the debit by $0.05 to get filled now.
Trade Exit Details:
STC 1 PTON 19Jun20 36 call
BTC 3 PTON 19Jun20 37 calls
STC 2 PTON 19Jun20 38 calls
For a max net debit of $1.05 per contract (GTC order, limit order). The mid is currently at a debit of $1.00 and I was filled at $1.05
Analysis:
Max Risk: $45
Max Reward: $140 or 350% with PTON trading at $37 by Jun 19th
Profit Range: PTON under $37.50 by Jun 19th
Commission (round trip): $18
Profit / Loss upon fill: ($45) pre-commission
