LYFT

OIB Trade Alert: GM, LYFT

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…

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OIB Trade Alert: LYFT

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…

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OIB Trade Alert: LYFT, MRVL

I am recommending we roll our Lyft (LYFT) and Marvell Technology (MRVL) puts to avoid potential assignment and generate more income. LYFT Apr Week Four (4/22) 36.50 Put Current Stock Price: $36.03 Cash in Hand: $0.81 Action: Buy to close the LYFT Apr Week Four (4/22) 36.50 Put for around $0.77 Sell to open the…

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OIB Trade Alert: LYFT, MRVL

Lyft (LYFT) and Marvell Technology (MRVL) sold off this week with the tech sector. Both stocks are significantly oversold and undervalued. I am recommending we roll our puts out two weeks to generate more income and buy ourselves some time for the stocks to rebound. LYFT Apr Week Two (4/8) 36.50 Put Current Stock Price:…

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