Options traders are expecting a big move in Lyft when it reports earnings Wednesday afternoon for only the second time as a publicly traded company.
when it reports earnings Wednesday afternoon for only the second time as a publicly traded company.
"The company went public just a few months ago. They had one quarter out of the gate, the stock traded down about 11% after those results, but the options market is implying about a 10% move in either direction [on Wednesday]. That's about $6.50, and that's a pretty hefty implied move for a stock with such little history."
"The average price has basically been $61 or so," said Nathan, "It's trading a little bit below that, so obviously some support here." The stock was trading at $58.95 a share on Wednesday, up 0.5%. "That's why that implied move is so high, because they're so expensive here. I would expect that to come in afterwards," said Nathan.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Uber and Lyft earnings battle could be replacing the price warRide-hailing market rookies Uber Technologies Inc. and Lyft Inc. will slug it out this week with earnings, but the most prominent topic could be a war...
Leer más »
Mother took Lyft to dispose of 4-year-old's body in a dumpster, authorities sayBaltimore mother charged in the death of her 4-year-old son searched for trash collection sites on her phone before taking a Lyft to dispose of the boy's body in a dumpster, prosecutors say.
Leer más »
Warner Music Q3 Revenue Tops $1 Billion as Streaming Enjoys Double-Digit GrowthWarner Music Group continues to enjoy growth fueled by streaming, with revenue reaching $1.06 billion for the three-month period ended June 30, making for a handsome 10.4% increase over the $958 million recorded in the corresponding year-earlier period.
Leer más »
As Biden holds double-digit poll lead, here are the Democrats running for presidentBiden continues to lead the sprawling field of Democratic presidential contenders after the late-July debates in Detroit, maintaining a double-digit advantage over his nearest challenger
Leer más »
Uber and Lyft earnings battle could be replacing the price warRide-hailing market rookies Uber Technologies Inc. and Lyft Inc. will slug it out this week with earnings, but the most prominent topic could be a war...
Leer más »
Mother took Lyft to dispose of 4-year-old's body in a dumpster, authorities sayBaltimore mother charged in the death of her 4-year-old son searched for trash collection sites on her phone before taking a Lyft to dispose of the boy's body in a dumpster, prosecutors say.
Leer más »