Living to 120

Hi Shoppers,

 

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.

 

Let’s Trade!


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.


Trade Review


        • 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!

 

Licia Leslie

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.