Low Dollar Cheap Ass Trades Journal. Beer Cash 2022.

..



Huge call option volume attracted me to TSN.

 

Started buying when PTON drifted to $29.70, it was the daily low. Selling by volume was light, kept bouncing and finally gained real volume. Bought 18 calls, the average was around $2.20. They might hit $8 by Friday, holding my DB I bought but what the heck?

 

Second play was AA $65-$70 calls been acting up. Stock hit another ATH yesterday. The volume was bananas like TSN yesterday. With PTON I was watching the upper tier call strike prices, they were firing off fast! Seeing all the calls on the TS, the needed confidence.

 

PTON hitting $7 soon, not too shabby, holding a few while watching my PFE $50 Puts(Paid $.77 average) tank further.
PTON $6.6x $7.05 RTQ.

 

Dumping the PFE puts, 30 contracts not a huge play, target is $1.10 plus.

 

$7.30 x $7.50 on PTON, grossly underestimated price, maybe $10 by Friday?

 

stopped out of PFE, made money. Had to focus on PTON.

 

$8.70 offer, think $10 is likely. Not a shabby trade.

 

Will make $10 off the PTON contracts, not a common day. Holding some PTON to $10 or $11, Delta is .90 now.

 

After $40 selling my the rest of my PTON, I have orders set to dump.