Guilty as charged ..
Yes, I am one of those people.
Guilty of having a Peloton bike and not using it as much as I should.
At least I’m not guilty of having clothes piled on it.!
(However, I do have a trade idea on it that I’ll get to in a moment …)
I consider myself a workout person.
I used to be more of a runner. I actually did the Soldier Field ten-mile race where runners in end up in Soldier Field, where the Chicago Bears play. Very cool! Scott and Grant were in the stands.
Now I am about a three-miler.
I do go to a weight lifting class three mornings a week.
It’s a pretty tough class of about ten of us, men and women. We have push up day, which we all dread, during which we do 20 sets of 20 pushups.
I never would have thought I could do that, but I can. Well … the last few sets, I have to admit, I am on my knees.
I am doing this because I am kind of freaking out by how old I am.
We need to stay strong as we age and weight lifting is important for our bones, especially us women.
They say a good test of your fitness is how difficult it is to stand up from a sitting position on the floor. Try it.
So I do try to squeeze in some yoga, too.
The woman below (not me!!) is 98 years old! I want to be able to do that!
According to Dave Asprey in his book Super Human, we can all live to be 120 years old.
That’s the goal. A healthy 120. That way I will be able to know my grandkids.
All this exercise talk is due to what I am seeing in the Peloton interactive Inc (Ticker: PTON) stock chart.
It had some bad news about a month ago with blaring headlines that their treadmill kills kids and pets.
Well, just like most news headlines, that was blown way out of proportion.
I think PTON could be forming a base here and trade higher. It is sitting right on a support line of $99-$100.
If you look more closely, the Thursday, April 22, candlestick could be a doji.
If the stock opens higher today, I would like to buy a call vertical spread expiring Apr30.
I am choosing this cycle because I think it will happen fast and the May07 options are 20 volatility points higher due to the May 5 earnings dates.
If PTON opens above $101 this morning, I will buy the 102 calls and sell the 108 calls. Now I know you are going to say — the 108 have a lower implied volatility. Yes they do, but this spread is expiring Friday and I would like to pay the least amount possible.
I would pay $1.90-$1.95 for this six point spread. Since it is expiring so soon, I will keep a close eye on the decay and take my loss if the spread trades down to $1.40.
I would like to begin taking profits in the $3.25 area.
- My Oracle Corp (Ticker: ORCL) May21 75 puts are up 37%, I am hanging onto them.
- In Xpeng Inc Adr (Ticker: XPEV), my May21 32.5/40 call spread is up 8%; I still think the stock is going higher.
Now get your ass off the couch!
Thanks for Reading … See You Next Tuesday!