re: Stocks on your watch list

I’m playing LYFT and UBER this week. Lyft reports earnings tomorrow so that means free movement for Uber in sympathy. Uber’s option price will hold firm over the next two days since they report earnings on the 5th. I’m buying 70 Uber shares to every $1 in the money puts. Hoping for some movement over the next two trading days and will readjust Wednesday before close. If there’s a big run up through Wednesday, I may flip the scenario and short the stock and buy calls. If there’s no movement at all, I might just exit altogether before Wednesday’s close.

My hope is that LYFT will increase its guidance since COVID cases are dropping and Uber will also fly higher.