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Bonawyn Eison Sees Unusual Options Activity In Peloton

On CNBC's "Options Action," Bonawyn Eison spoke about unusually high options activity in Peloton Interactive Inc (NASDAQ: PTON).

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On CNBC's "Options Action," Bonawyn Eison spoke about unusually high options activity in Peloton Interactive Inc (NASDAQ:PTON). He said calls outnumbered puts by about 3 to 1 on Thursday, which is twice the monthly average call to put ratio.

See Also: Goldman Sachs Raises Peloton's Price Target Citing Unappreciated Gains

Eison noticed during the session that around 6,500 contracts were traded in the August 28, $70 calls. Buyers paid $1.35 for them, which sets the breakeven for the trade at $71.35 or 1.5% above the closing price on Thursday.