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.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
Let's see why a shipping stock could prove there's a 'cold hand fallacy' as well.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.
Email
Email sent
Thank you, your email to has been sent successfully.