Peloton Stock Surges on Unexpected Sales Growth

Group 1 - Peloton Interactive Inc reported smaller-than-expected losses of 8 cents per share for the second quarter, alongside a revenue beat as sales grew for the first time in over two years [1] - The company is now prioritizing profitability by cutting marketing and sales expenses [1] - Despite being in penny stock territory, Peloton's stock rose 17.4% to $3.95, breaking through the 60-day moving average and bouncing off its lowest level since May [1] Group 2 - The stock still has a year-to-date deficit of 34.8% but is on track for its best single-session increase since February 2023 [1] - Options traders are focusing heavily on calls, with a 50-day call/put volume ratio of 8.09, which is higher than 93% of annual readings [1] - Today's options activity included 105,000 calls and 10,000 puts exchanged, which is 34 times the intraday average volume, with the September 3.50 call being the most active [2]