The CBOE announced they will begin trading in Lyft options on Thursday. Should be interesting to see where they price vol. I assume it will be hard to borrow as well.
Lyft is getting drilllled... All those new IPO's are strictly trading vehicles, nothing more Nobody will invest in those clown companies, they trade them and it seems people exiting on 2nd day already, went from 85 to 70... It's kinda hard being in the red today
Expect the premiums to be very high. I would assume it would also be hard to borrow, which would add even more to the put premiums.
It depends on how many options contracts they have in the various strike prices. I imagine they would create a bunch of them. Did not chase the LYFT stock, will not chase the LYFT options either. Will wait for it. Options prices is also, dictated by how many buyers there are.
The option class listed below will begin trading on the MIAX PEARL Exchange on Thursday, April 4, 2019. Lyft, Inc. (LYFT)
Carl Icahn Sold Lyft Stake Prior to Initial Public Offering Icahn had roughly 2.7% stake, worth about $550 million at IPO price https://www.wsj.com/articles/carl-i...-public-offering-11554316497?mod=hp_lead_pos1