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Barchart

Mark R. Hake, CFA

SHOCKING: Unusual activity in lyft put options highlights its underlying value | Mind Blowing Facts

LYFT Inc (LYFT) put options today are showing large unusual activity. This may be because Lyft recently said it expects positive free cash flow in 2024. As a result, the underlying value of LYFT stock is now apparent. This put activity may be from short sellers as an income play.

I highlighted the upside potential in LYFT stock in a recent Barchart article: “Lyft Makes Positive Free Cash Flow and Expects This for 2024 - Could Lift LYFT Stock 25% Higher.” I wrote that after its earnings release on Feb. 13, the stock could be worth as much as $22.39 based on its free cash flow (FCF). At the time LYFT stock was at $17.91

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