One of my favorite and more affordable stocks to trade. With Lyft trading in a range from $18 to around $25, It’s good for smaller accounts. I enjoy selling the calls to get in the stock when the stock hits around $20 or lower. Then once I’m put the shares I simply sell the cover call on the way back up until my shares are called away. Then I simply rinse and repeat. I currently own 200 shares of this stock at $21 per share. The stock is currently trading at 20.42 when I sold my cover call. Collecting $86 in premium for an 11 day trade. Which would be around an average monthly return of 6 percent.
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