Lyft (LYFT) is up 13% in the past three trading days. However, shares of the ride-hailing company are still down more than 60% since we entered the position in early April. The hope with the position was to take advantage of the post-pandemic rebound in ridership. However, we were forced to roll our put and…
Lyft (LYFT) is rallying today but remains below the strike price of our call. Uber’s (UBER) recent woes have not shifted investor interest into shares of competitor Lyft, and inflationary pressures are likely to continue to weigh on these stocks. I do not expect a meaningful bounce in the coming weeks. Therefore, after watching our…
I am recommending calls to sell against our uncovered shares of Citigroup (C) and Lyft (LYFT) to reduce our cost basis on the positions. Both stocks have fallen with the broader market this week, though LYFT’s sell-off has been much sharper. Note that Citigroup is scheduled to announce earnings on July 15, the day our…
We have positions in Citigroup (C) and Lyft (LYFT) expiring today. Both are deep underwater following the worst first half of the year for stocks since 1970. I do not want to take losses on one of the largest banks in the United States. I believe Wall Street’s concerns about the baking sector are overblown…
Charles Schwab (SCHW) has sold off with the broader market this week. I am recommending we roll our call out two weeks to generate more income and reduce our cost basis on the position. We are moving our strike up to capture another $1 in potential appreciation. Note that this trade is only for members…
We accepted shares in a number of Options Income Blueprint positions last week. As I said, the math of selling calls simply makes more sense in the current market environment than continuing to roll the puts. Not only will we be able to collect cash, but we can capture potential appreciation when the market recovers.…
The market has been savaged by fears of inflation, recession and higher interest rates. Since the May inflation report was released one week ago, the S&P 500 is down nearly 9%. All of our expiring put positions — Bank of America (BAC), General Motors (GM), Lyft (LYFT), Marvell Technology (MRVL), Pfizer (PFE) and Sunrun (RUN)…
Lyft (LYFT) continues to bounce around but premiums remain high. I am recommending we roll our put out two weeks to avoid assignment and reduce our net debit on the position. Charles Schwab (SCHW) has run up over the past week and our call is in the money. Rather than allow our shares to be…
I am recommending we roll our General Motors (GM) and Lyft (LYFT) puts to avoid potential assignment and generate more income, which will reduce our net debits on the positions. Note that these trades are only for members who are already in the positions. GM May Monthly (5/20) 37 Put Current Stock Price: $35.96 Net…
Lyft (LYFT) got clobbered after management’s second-quarter revenue and adjusted EBITDA forecast fell short of estimates and the company reported a wider-than-expected loss. Revenue of $875.6 million, however, was ahead of estimates. A post-earnings sell-off like this is exactly why we exited our position prior to the announcement. Now that earnings are behind us, we…
