Peloton Interactive, Inc.
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SHORT IRON CONDOR IDEA for a 8/26 Expiration

125
PTON- Short Iron Condor Trade Idea:
Expiration AUG 26th (10 days).

Strike Prices to create IC:
Long Call: $25.
Short Call: $24.
------
Short Put: $11.
Long Put: $10.

Filled @ $22 ($0.22) credit (as of 8/16 mid-day).

$100 Collateral.

Risk:Reward Ratio: $78:$22, or 3.5:1.

Short strikes can accommodate approx. 18% down
and 77% up from current price (8/16 mid-day).

Good luck folks!
Nota
Oops ... I see an error on the chart as to the size of the green box. This expires on 8/26, but I extended the box and made it look like it goes till 9/26! My bad.
In any case, PTON closed on Thursday @ $11.01. It can do that tomorrow as well and I'll be happy!

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