I mean, honestly....
Newton's law of Gravity will apply here at sone point...
Meanwhile the weekly calls go 2-5x on a given day if you BTFD and play 5min bull flags
Consider:
Oct16'20 monthly OPEX and it'll pin somewhere?
Earnings on Nov 3 - hard to think that after a run from $72 to almost $140 it will experience a pre-ER ramp.... Probably needs to cool off for that to happen
Nov20' O/I seems to be gravitating around the $85s
200ma on 60min offers great support around 100
Daily 50ma and Weekly support levels come in around the 85-90 level
Newton's law of Gravity will apply here at sone point...
Meanwhile the weekly calls go 2-5x on a given day if you BTFD and play 5min bull flags
Consider:
Oct16'20 monthly OPEX and it'll pin somewhere?
Earnings on Nov 3 - hard to think that after a run from $72 to almost $140 it will experience a pre-ER ramp.... Probably needs to cool off for that to happen
Nov20' O/I seems to be gravitating around the $85s
200ma on 60min offers great support around 100
Daily 50ma and Weekly support levels come in around the 85-90 level
Trade active
Is that the last push?Note
If that was the last push, we need to get and sustain action below the 200ma on 5min which has held this rally nicely for a monthNote
That 95-100 level looks very appealing... Does it tractor beam?
Trade active
Some perspective.....Trade active
Similar pattern to the 
FSLY breakdown.Fist down day gave you "OMG its breaking!" moment to below the 200ma on 5min, rally back up with the underside tag building a bear flag and then look out below....
Note
Even with all the shitty action, it's still hasn't made a lower low on the daily!Trade closed manually
Closed for now for a small profit - had many strikes/expiries.Price action remains strong and RS to mkt overall is notable.
Keeping a close eye as the volatility on PTON is still good for short term trdes.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.