Shares of Peloton Interactive (NASDAQ:PTON) saw some unusual options activity on Monday. Following the unusual option alert, the stock price moved up to $117.26.
Peloton (NASDAQ: PTON) shares are trading higher as renewed COVID-19 concerns lift some stay-at-home names for the session. The stock experienced strength in 2020 amid the COVID-19 pandemic as demand for home fitness platforms increased.
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Shares of Peloton Interactive (NASDAQ:PTON) saw some unusual options activity on Friday. Following the unusual option alert, the stock price moved down to $109.93.
Despite recent bearish sentiment from analysts, Peloton Interactive Inc (NASDAQ: PTON) is a stock to own long-term, Pivotal Advisors' Tiffany McGhee said Thursday on CNBC's "Fast Money Halftime Report."
This unusual options alert can help traders discover the next big trading opportunities. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. Unusual trading activity could push option prices to exaggerated or underestimated levels.