Plummeting Ride Share Stocks Need More Than A Lyft (LYFT)

Lyft (LYFT) is plunging after posting a surprise earnings loss. Alex Coffey and Caroline Woods discuss LYFT as its earnings were released yesterday, February 9th. They note that LYFT sees disappointing guidance for Q1. They also talk about how LYFT is in Uber's (UBER) shadow. They then go over how Truist among other places downgraded LYFT on today's news. Alex then demonstrates an example trade using LYFT. The trade type is buy a put calendar and the direction is bullish. Tune in to find out more about the stock market today.