Rocket LYFT Update 11-11-20
LYFT $35-$40 Iron Condor
Lyft had decent numbers last night and the stock behaved pretty well for our trade.
We gave ourselves a little more room to the upside with our Iron Condor, and LYFT is trading up about $1.35 pre-market right now at $37.40. The square middle of our Iron Condor is $37.50 - which is when our trade has the most value. Anything can happen once the stock actually starts trading on the open, as we saw with MCD on Monday, but you really can't ask for better action so far than to have LYFT within $0.10 of the middle of our Iron Condor going into the open. We achieve a max profit if LYFT closes between $35 and $40 Friday.
We will let this open and see how it trades today, stay tuned for updates.
We gave ourselves a little more room to the upside with our Iron Condor, and LYFT is trading up about $1.35 pre-market right now at $37.40. The square middle of our Iron Condor is $37.50 - which is when our trade has the most value. Anything can happen once the stock actually starts trading on the open, as we saw with MCD on Monday, but you really can't ask for better action so far than to have LYFT within $0.10 of the middle of our Iron Condor going into the open. We achieve a max profit if LYFT closes between $35 and $40 Friday.
We will let this open and see how it trades today, stay tuned for updates.
Here is the trade we made again for reference
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