1500 of my Lyft shares were unlocked a couple of months ago. Foolishly, I decided not to sell, thinking it would go past it's IPO price. Now I'm down $20k+ from my lock in price. My lock in price for these shares is around $55.
As an employee and an insider, I actually do think Lyft has potential. Right now we are focused on cutting costs massively and we are rolling out a new subscription service which will increase our bottom line. Based on what I've seen, I think the company has a future.
However I am not good with valuations, so I don't know what the right course of action is for my 1,500 shares. I could sell and reap in a massive loss. I want to sell for at least the lock in price. What should I do with these shares? I here selling covered calls is a good way to generate some risk-free income?
Submitted November 03, 2019 at 06:43PM by HornyAsianBro98 https://ift.tt/2Cbjziy
