Noteworthy LYFT Put and Call Options Expiring on November 28th

Put Contract Analysis: The $20.50 put contract for LYFT has a bid of $1.93, allowing investors to buy shares at an effective cost basis of $18.57, which is attractive compared to the current price of $20.72. There is a 58% chance the contract may expire worthless, potentially yielding a 9.41% return on cash commitment.

Call Contract Strategy: The $21.00 call contract has a bid of $1.85, offering a total return of 10.28% if the stock is called away at expiration. There is a 46% chance this contract may also expire worthless, allowing investors to keep both their shares and the premium, resulting in an 8.93% additional return.

Volatility Insights: The implied volatility for the put contract is 76%, while the call contract's implied volatility is 69%. The actual trailing twelve-month volatility is calculated at 61%.

YieldBoost Concept: Both put and call contracts offer potential YieldBoosts, with the put contract providing a 68.67% annualized return if it expires worthless, and the call contract offering a 65.12% annualized return under similar conditions.