Why Lyft Stock Is Trading Higher Today


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


Lyft, Inc. (NASDAQ:LYFT) shares are trading higher after the company announced it is collaborating with Argo AI and Ford Motor Company (NYSE:F) to launch self-driving vehicles on the Lyft network by the end of 2021.

The companies are aiming to deploy at least 1,000 autonomous vehicles on the Lyft network, across multiple markets over the next five years.

"This collaboration marks the first time all the pieces of the autonomous vehicle puzzle have come together this way," Lyft co-founder and CEO Logan Green said. "Each company brings the scale, knowledge and capability in their area of expertise that is necessary to make autonomous ride-hailing a business reality."

Lyft operates a peer-to-peer marketplace for on-demand ridesharing in the United States and Canada. The company operates multimodal transportation networks that offer riders personalized and on-demand access to various mobility operations. 

At the time of publication, Lyft shares were trading higher at $55.92 per share. The stock has a 52-week low of $21.34 and a 52-week high of $68.28.


27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.


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