Options Traders Hail These Ride-Sharing Stocks

Weekly calls are popular for UBER and LYFT

Managing Editor
Feb 24, 2020 at 12:58 PM
facebook X logo linkedin

The 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days, with data courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stocks highlighted in yellow are new to the list. Below, we're going to take a closer look at ride-sharing startups Lyft Inc (NASDAQ:LYFT) and Uber Technologies Inc (NYSE:UBER)

MAO Feb 24

LYFT has seen 210,384 weekly call options traded during the past 10 days, compared to 150,529 puts. Most active today is the weekly 3/27 42.50-strike call, while the weekly 2/28 44-strike call is also popular, with new positions being opened at each. Taking a step back, the April 47.50 call is home to the top open interest position. Lyft stock is down 5.3% today to trade at $41.93, and is on track to close at its lowest point since November.

Moving on to Uber stock, the security has seen 358,957 weekly call options and just 124,154 put options trading within the past two weeks. However, the weekly 2/28 38-strike put is seeing the most action so far today among weeklies. UBER is also participating in the broad market sell-off today, last seen down 4.5% at $38.85. However, the shares' 30-day moving average has emerged as support.

In addition to the heightened options activity, both these ride-sharing stocks sport attractively priced premiums at the moment. LYFT and UBER's Schaeffer's Volatility Indexes (SVI) of 41% and 39%, respectively, both sit in the bottom 10th percentile of readings from the past year.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI