Exited the PTON debit spread at $0.16 yesterday for a loss of 43%. That was the result of an updated limit order I placed the night before, which proved unfortunate, because PTON ended up spiking 12% intraday on news that they hired a new chief marketing officer, and I could have made a profit exiting the spread yesterday had I not lowered my limit price the night before.
Exited the PTON debit spread at $0.16 yesterday for a loss of 43%. That was the result of an updated limit order I placed the night before, which proved unfortunate, because PTON ended up spiking 12% intraday on news that they hired a new chief marketing officer, and I could have made a profit exiting the spread yesterday had I not lowered my limit price the night before.
Just added another bet on PTON here.