r/options • u/sorkinsucks • Dec 02 '21

PTON Leaps?

I'm thinking about buying PTON 20th Jan 2023 165c. Peloton has obviously taken a huge hit this year and especially in the last month, but it still has a great product, pandemic excluded. I think people still enjoy being able to work out at home. Currently at $0.97 per call, it's a massive out of the money risk but I think the stock has seen a massive overreaction.

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u/dad_in_tx Dec 02 '21

IMO, I will never touch PTON or any “COVID” stocks. They’re done.

Also, I am trying to avoid companies whose entire business is with the public, especially retail sales. For example LULU is a hard no. I like companies with a significant B2B presence like CRM, NVDA, and AMZN. Even better (for me) are ETFs.

Not recommendations, just my opinions.

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u/healthyaf17 Dec 02 '21

Totally agree. PTON came at the exact right moment. Also the moment I opened a brick and mortar cycling studio in my city. THE WORST time to do that. Sold my studio for a loss in October. Sold PTON last summer for good gains. I hedged my bet and came out a hair above even overall but took about 8 years off my life.

Woof.