Options Traders Target Soaring Peloton Stock
PTONPeloton(PTON) Schaeffers Research·2024-05-08 02:55

Peloton Interactive Inc (NASDAQ:PTON) stock is soaring today, after reports that private equity firms are circling the company for a potential buyout. At last check, PTON was up 16.5% at $4.13. Options traders are swarming Peloton stock in response. So far, 96,000 calls and 65,000 puts have been exchanged, which is already five times the overall average daily options volume. The weekly 5/10 3.50-strike put is most popular, where new positions are being bought to open. Today's pop has the stock further remov ...