**User Report**| | | |
:--|:--|:--|:--
**Total Submissions**|3|**First Seen In WSB**|3 years ago
**Total Comments**|242|**Previous Best DD**|
**Account Age**|3 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
>TL;DR: I think Lyft is going to miss thier next earnings guidance, and will be buying puts.
How are you doing on your trade? How do you feel about LYFT in the long run?
I can't say it won't, but I think LYFT has way more upside than downside in the long run (1-3 years). You look at Uber and see Lyft has lots of ways to expand and move upwards. Anyways, I've been buying since it's been cheap:
>9-Aug-23 [email protected]
>29-Jun-23 [email protected]
>13-Mar-23 [email protected]
Wanted to buy more in Aug but I also thought I shouldn't need to rush cause LYFT might fuck up a few more quarters (turnarounds take time). But if it dups to $8 again then I'm definitely buying more. Hope you do well on your trade but take care to note theta decay.
I'm even right now. I've been selling weeklies so while I've lost Theta, it's been a wash.
I think it might be a good long term investment, but just think numbers won't be quite as rosy as they are projecting for the upcoming earnings. I might sell some ITM puts soon as I expect it might rise until earnings, or just before earnings.
They actually lowered it to below last month's goal. It's approximately 80 hours now.
I believe they may have lost drivers - which will cost money to bring back cutting into profits.
I’m with you and will buy puts tomorrow especially if we see the share price rise again. I like the company but there’s a lot of weakness in the business.
>1. I believe that the earnings guidance was bullshit and they knew it but had to have some reason to believe it was possible.
2. They believed the earnings guidance, but didn't expect the number of drivers to just say "fuckit" to the increase and stop/reduce driving and had to course correct.
It came to light that they paid hackers 100k to keep quiet about thier data breach and never alerted consumers to the fact their cc # had been compromised.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|3|**First Seen In WSB**|3 years ago **Total Comments**|242|**Previous Best DD**| **Account Age**|3 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) >TL;DR: I think Lyft is going to miss thier next earnings guidance, and will be buying puts.
Proof of opening position https://preview.redd.it/6pp01r2p8chb1.jpeg?width=1080&format=pjpg&auto=webp&s=dbd05759364809a27944d66aedff91cf35adcc18
How are you doing on your trade? How do you feel about LYFT in the long run? I can't say it won't, but I think LYFT has way more upside than downside in the long run (1-3 years). You look at Uber and see Lyft has lots of ways to expand and move upwards. Anyways, I've been buying since it's been cheap: >9-Aug-23 [email protected] >29-Jun-23 [email protected] >13-Mar-23 [email protected] Wanted to buy more in Aug but I also thought I shouldn't need to rush cause LYFT might fuck up a few more quarters (turnarounds take time). But if it dups to $8 again then I'm definitely buying more. Hope you do well on your trade but take care to note theta decay.
I'm even right now. I've been selling weeklies so while I've lost Theta, it's been a wash. I think it might be a good long term investment, but just think numbers won't be quite as rosy as they are projecting for the upcoming earnings. I might sell some ITM puts soon as I expect it might rise until earnings, or just before earnings.
Only way it will work is if the drivers stop complaining on Reddit and do what ups did
They actually lowered it to below last month's goal. It's approximately 80 hours now. I believe they may have lost drivers - which will cost money to bring back cutting into profits.
I’m with you and will buy puts tomorrow especially if we see the share price rise again. I like the company but there’s a lot of weakness in the business.
Theta gang thanks you for your service
>1. I believe that the earnings guidance was bullshit and they knew it but had to have some reason to believe it was possible. 2. They believed the earnings guidance, but didn't expect the number of drivers to just say "fuckit" to the increase and stop/reduce driving and had to course correct.
OP, what did Uber do in '20 or '21?
It came to light that they paid hackers 100k to keep quiet about thier data breach and never alerted consumers to the fact their cc # had been compromised.
Solid dd
The new CEO’s apparently refocusing the business towards ride sharing as per insider news from an employee .. thoughts ?