News Formal

Options traders bet on even more pain for Lyft after earnings

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Last week's bullish bets on Lyft into earnings have turned bearish after Uber's disappointing results. Here's what the options market says is coming next.

of about 11% [in either direction]," Optimize Advisors CIO Michael Khouw said Tuesday on "Fast Money."

That would be quite a move for Lyft to make between its report after the bell on Wednesday and Friday's close, but over the last eight quarters, the stock has averaged a move of about 10% in either direction after reporting. Tuesday's options activity was firmly in the bearish camp, as far as which way that implied move will shake out.

"The most active options were the 30-strike puts, the ones that expire at the end of this week," said Khouw. "Over 2,500 of those traded for about $1.35, so buyers of those puts are betting that there could be additional pressure on the stock following earnings by the end of the week." Those contracts break even about 8.5% lower than where Lyft closed Tuesday's session, leaving plenty of room for profitability even if Lyft moves slightly less than what the options market is implying.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Lyft reports dramatic revenue drop of 61% but points to uptick in rides in July

Couldn't make the Lyft, do the U.

37$ AH...

Glad I just cut my losses and got rid of it

Options on $RKT open today

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 12. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Stocks making the biggest moves after hours: Lyft, Uber, Occidental Petroleum and moreCheck out the companies making headlines after the bell on Monday.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Uber, Lyft must classify drivers as employees, CA court rules - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. it's over. Never even thought that it could happen in the US. So much for the so called free market Are we becoming communists
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

After Uber reports plummeting rides, traders look ahead to Lyft earningsUber's stock plummeted after it reported a steep drop in gross ride bookings in its recent quarter. But it more than doubled bookings in its Eats business. Lyft, which will be reporting Thursday, does not have that degree of diversity in its portfolio.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »