Whats up Traders -
Made a nice trade on Lyft last week . . Following up on it this week with a swing trade.
We're looking at Lyft Puts - $30 - 7/24
Theyre currently trading at about .80c giving us a solid 2.5x RR for the trade.
Seeing a break in the uptrend and expecting us to re-test lows. I doubt we will hold this option full term, but i am prepared to.
Let me know if you have any questions or see things differently.
Made a nice trade on Lyft last week . . Following up on it this week with a swing trade.
We're looking at Lyft Puts - $30 - 7/24
Theyre currently trading at about .80c giving us a solid 2.5x RR for the trade.
Seeing a break in the uptrend and expecting us to re-test lows. I doubt we will hold this option full term, but i am prepared to.
Let me know if you have any questions or see things differently.
Trade closed: target reached:
Taking early profits here . . Up 22% . .
I do believe you can let this ride, but lock in some profits . .
I do believe you can let this ride, but lock in some profits . .