Market Overview

I think you’ll love what you hear,
what you’ll see and the opportunities
that will be set before you.
- Jon Najarian
GET TICKETS

Matt Shapiro's Lyft Options Trade

Share:

Matt Shapiro of MWS Capital spoke on Bloomberg Markets about an options strategy in Lyft, Inc. (NASDAQ: LYFT).

See Also: Lyft Analysts Largely Bullish As Quiet Period Ends

The company is going to report earnings in May and Shapiro wants to sell the May 55 put for a credit of $3.30. The trade starts to lose money at $51.70 or 8.24 percent below the closing price on Thursday. If the stock stays above $55 at the May expiration, Shapiro is going to collect the premium.

Posted-In: Bloomberg Markets Matt Shapiro MWS CapitalOptions Markets Media

 

Related Articles (LYFT)

View Comments and Join the Discussion!

Amgen, Anthem, Starbucks, SMH: 'Fast Money' Picks For April 26

This Day In Market History: CBOE Becomes First Dedicated Options Exchange