Despite the pre-fed bloodbath out there, not every stock is down.
After having a pretty rough few days, both Lyft (LYFT) and Uber (UBER) are are seeing a decent bid form. In addition, LYFT in particular is seeing some heavy option flow that makes me think the name could go on a run in the next day or two. I would be using the price action today to build out a long position. The $18 calls for Oct. 21 cost only about $0.92; these are cheap and will end up in the money at some point. I am a buyer.
Trade: Buy to open one LYFT Oct. 21 $18 call for $0.92.
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Let's see why a shipping stock could prove there's a 'cold hand fallacy' as well.
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