PTON

Jun/ May-07 80 put calendar @3.06, opened when $PTON was at 88. My original plan was to roll the weekly short leg and keep collection theta….

but I didn’t think it would get to 80 today, and I did some adjustment right before the close (chickened out?), took half off @4.7 (53%), and for the 2nd half, rolled long June 80 puts to May-14th, for 3.07 credit. That got my cost covered, and left with a “free” May 14/May 7 80 calendar.

With PTON taking a $10 swing after the hour, it would anyone’s guess where it will be tomorrow.

Still have the 60 put calendar.