Violently disagree with me if you will, but I believe in Lyft. I’ve been holding for a long time and have been adding more as they drop. I worked for them for awhile and appreciated their innovative tech and their partnerships with the likes of Delta, Chase, Starbucks, etc. I can see them making big moves in autonomous vehicles and surprising people with their direction over time. I actually like their move to get rid of the shared rides thing (ride with other passengers to save). They are different. They are clearly second place to Uber. But I think they are undervalued in comparison to their rival (3B for Lyft vs 77B for Uber). The gap isn’t that huge. Anyhow, I’ll be holding for awhile. And I’m curious if I ought to do some covered calls in the near term. I’ve thought about $15 or $20 calls for either January of 2024 or 2025. That said I don’t want to limit my upside if they have a huge event between now and then, so I’ve resisted the urge to sell covered calls for now. Given my belief (even if you find it crazy), would you just hold if you’re in my position? Maintain total flexibility? Or would you sell covered calls?
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