DASH DoorDash Options Ahead of Earnings

12 Feb 2023

After the record users and orders in the pandemic:

Now DASH is threatened by UBER eats and other food delivery apps while orders are declining thanks to the covid restrictions lift.
Looking at the DASH DoorDash options chain ahead of earnings , I would buy the $55 strike price Puts with
2023-3-17 expiration date for about
$4.40 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
If you want to buy it for the long run, after these earnings retracement, it might not be a bad idea.
Food delivery is here to stay!

Looking forward to read your opinion about it.

23 Feb 2023

Dagangan ditutup: sasaran tercapai

DASH reached $55.05, our price target, intraday. Haven`t monitored the options.