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News

Unpacking the Latest Options Trading Trends in Peloton Interactive

Author: Benzinga Insights | May 03, 2024 04:15pm

Benzinga's options scanner has just identified more than 9 option transactions on Peloton Interactive (NASDAQ:PTON), with a cumulative value of $394,041. Concurrently, our algorithms picked up 7 puts, worth a total of 297,150.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $3.0 and $8.0 for Peloton Interactive, spanning the last three months.

Analyzing Volume & Open Interest

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Peloton Interactive's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Peloton Interactive's whale activity within a strike price range from $3.0 to $8.0 in the last 30 days.

Peloton Interactive 30-Day Option Volume & Interest Snapshot

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
PTON CALL SWEEP BULLISH 10/18/24 $0.43 $0.42 $0.43 $6.00 $76.2K 942 491
PTON PUT SWEEP BULLISH 01/17/25 $0.71 $0.7 $0.7 $3.00 $58.3K 29.2K 983
PTON CALL SWEEP BULLISH 10/18/24 $0.55 $0.54 $0.55 $5.00 $53.6K 19.4K 304
PTON PUT SWEEP BULLISH 01/17/25 $0.69 $0.68 $0.69 $3.00 $46.3K 29.2K 2.4K
PTON PUT SWEEP BULLISH 10/18/24 $0.58 $0.54 $0.54 $3.00 $44.3K 1.4K 2.6K

About Peloton Interactive

Peloton Interactive Inc operates an interactive fitness platform. It operates its business in two reportable segments: Connected Fitness Products and Subscription. Connected Fitness Product revenue consists of sales of bike and tread and related accessories, associated fees for delivery and installation, and extended warranty agreements. Subscription revenue consists of revenue generated from monthly Connected Fitness Subscription and Digital Subscription. The company generates the majority of the revenue from the sale of Connected Fitness Products.

In light of the recent options history for Peloton Interactive, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Peloton Interactive

  • Trading volume stands at 34,188,198, with PTON's price up by 9.42%, positioned at $3.42.
  • RSI indicators show the stock to be is currently neutral between overbought and oversold.
  • Earnings announcement expected in 110 days.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Peloton Interactive with Benzinga Pro for real-time alerts.

Posted In: PTON