014. PIGGISH PLAY - Short Peloton on the Open

2020年9月11日

Wow, nice earnings report PTON. Not. Bad. At. All.

Here's why it's a perfect storm for a short setup tomorrow, assuming it gaps up above 94:

- Gap up above a huge shooting star daily candle ---> gap will close due to massive overhead resistance
- It's Friday and the market is looking like it wants to dump in a serious way
- 100 dollar/share psychological target is a perfect lure for longs
- A clear path downward to sub-90
- If Amazon can rip down after a 10x ER post, I believe PTON can do the same after posting results that pale in comparison

This play is a short-short; meaning that I plan on opening it and closing it tomorrow, using puts that expire tomorrow with a strike at the opening price.

- Health-Conscious, But Not Stupid, Pig

PTON

2020年9月11日

交易進行

Let's ride it down to 80 for one last golden swing.

End the week proper.

2020年9月11日

交易結束：目標達成

2020年9月15日

註釋

while the play is closed, for those still in, might be a nice spot to short again. just a thought for those that bought the bounce yday.

2020年9月19日

交易進行

Going to re-open this for Monday. 91.05 is about as clear a short as the original play.

This is, in my opinion, a very obvious truncated wave 5 that leads to a severe selloff.

Again.

Plus, the whole market is likely toast next week, so I am a bit baffled to see so much buying and holding into the weekend.

Not complaining, but seriously wtf are people thinking these days...

2020年9月21日

交易進行

Just loaded the put boat.

Algos are going to dump this like they did Roku back in the day.

Hop on if you starved for ideas.

2020年9月23日

交易進行

Bought an obnoxious amount of puts @ 84 for this Friday before the close.

If anything is going to payout a stupidly large lotto position, it's PTON.

Third shooting star's the charm.

2020年9月29日

交易進行

obviously loading another barrel here. Fine with losing temporarily on this one as long as I'm in a short when it dumps.

Silly robots, when will they ever learn..

2020年9月29日

交易進行

Last note - the second this touches whatever fib extension the algos are programmed to seek and destroy, it will reverse immediately.

Gun to my head, best guess would be around 104, but I really have no clue.

Figure it is soon though, which is why I'm stacking puts now.

GL

2020年9月29日

交易進行

Think that was it - 102.47.

Let's see.