Planet Fitness doesn't seem to have a great reputation as far as gyms go. It's basically like the cheapest option out there from what I've heard. Still, it's enjoyed quite the run up from its price of $35 at the start of April.
You probably have noticed a pattern in the TAs that are posted here. Accumulation/distribution on this has remained FLAT despite the huge run up since the beginning of April. To me, this is an indication of an underlying weakness in the stock. However, I would like to see a little more downward momentum before shorting this with serious money. However, a few small positions here and there don't seem like a bad idea. IV is relatively low and short-term May 15 puts aren't too pricey. However, I may wait a little longer to see how it plays out before buying a large position as I am not sure what it will do up to earnings.
You probably have noticed a pattern in the TAs that are posted here. Accumulation/distribution on this has remained FLAT despite the huge run up since the beginning of April. To me, this is an indication of an underlying weakness in the stock. However, I would like to see a little more downward momentum before shorting this with serious money. However, a few small positions here and there don't seem like a bad idea. IV is relatively low and short-term May 15 puts aren't too pricey. However, I may wait a little longer to see how it plays out before buying a large position as I am not sure what it will do up to earnings.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.