Today’s morning trade is Peloton (PTON). Peloton is an exercise equipment and media company known for its stationary bicycles. Joe Tigay, Portfolio Manger of The Rational Equity Armor Fund, shows an example trade of Peloton. The trade example is a put spread, the strikes are buying at $115 and selling at $105, August 20th and he says to look to turn it inti $10 if the stock falls below $105. Tune in to find out more.
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