Ticker delayed 20 minutes
|Avg Daily Volume: 5,581,158 Market Cap: 14.86B|
Sector: Miscellaneous Short Interest: 11.53
THIS QTR: EPS: -.1.39/share REV: 984.17/M
LAST QTR: EPS: -1.68/share ACTUAL: -1.77/share (MISS)
NEXT QTR: EPS: -1.26share REV: 1,050/M
FULL YR: EPS: -11.15/share REV: 3,580/M
*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS RECORD: 50% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) -6.61, 9.33, -11.25
EXPECTED JUMP MOVE: 10-15%
Links To Latest News and Headlines
The drivers had last week sued Uber over in-app messages regarding an upcoming gig worker ballot measure that the drivers say violates a California law protecting their political rights. The lawsuit had said that Uber was unlawfully pressuring drivers via the app to support the Nov. 3 company-sponsored ballot measure, known as Proposition 22. Uber had rejected those claims.
Less than a week before voters decide whether Donald Trump receives a second term as president, his administration stands ready to establish a new federal rule on who counts as an employee in the U.S.
Shares of Lyft (NASDAQ: LYFT) saw some unusual options activity on Wednesday. Following the unusual option alert, the stock price moved down to $21.82. * Sentiment: BULLISH * Option Type: SWEEP * Trade Type: CALL * Expiration Date: 2020-11-06 * Strike Price: $22.50 * Volume: 8125 * Open Interest: 1561Three Ways Options Activity Is ‘Unusual’Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it.Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset.Contracts that are “out of the money” are also indicative of unusual options activity. “Out of the money” contracts occur when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made with the expectation that the value of the underlying asset is going to change dramatically in the future, and buyers and sellers will benefit from a greater profit margin.Understanding Sentiment Options are “bullish” when a call is purchased at/near ask price or a put is sold at/near bid price. Options are “bearish” when a call is sold at/near bid price or a put is bought at/near ask price.Although the activity is suggestive of these strategies, these observations are made without knowing the investor’s true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they’re hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity.Using These Strategies To Trade Options Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * Click here for options trades from Benzinga * ROCE Insights For Lyft(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Uber (NYSE: UBER) and Lyft (NASDAQ: LYFT) are trading lower after California polls showed a tight race for Proposition 22, which would allow the companies to classify drivers as independent contractors rather than full employees.The ongoing battle between California and ride-hailing companies regarding whether or not drivers should be classified as employees instead of contractors raises concerns for investors regarding other states potentially following suit and how much would it cost the companies.Uber and Lyft are both ride-sharing service providers that connect drivers to riders through their respective apps. Uber was trading 3.62% lower at $34.21 at the time of publication. The stock has a 52-week high of $41.86 and a 52-week low of $13.71.Lyft was trading 6.30% lower at $23.27. The stock has a 52-week high of $54.50 and a 52-week low of $14.56.See more from Benzinga * Click here for options trades from Benzinga * Pete Najarian Sees Unusual Options Activity In Cisco and Iqiyi * 11 Stocks Moving In Monday’s After-Hours Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Lyft is trying to overcome challenges posed by the coronavirus pandemic and regulatory hurdles to attain profitability. Is Lyft stock a buy?
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