![]() ![]() It would take over four days to buy back these bearish bets, at DoorDash stock's average pace of trading. It's also worth noting that short interest represents 5.4% of the stock's available float. This is an historical account of the womens strike of 1909, which led to the formation of the Womens Trade Union League. Echoing this, the stock's Schaeffer's open interest ratio (SOIR) of 2.22 sits in the 97th percentile of its annual range. Therefore, I think DASH is overvalued by about 80. It will be quite hard for them to 5X sales. DASH's 50-day put/call volume ratio of 2.87 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than all but 1% of readings from the past year. Thus, DoorDash is looking at a smaller share of a smaller pie. Leading up to the event, options bears took the stage. DASH earnings is considered a binary event because the stock will typically have a big move in either direction after announcing earnings. The weekly 5/5 65-strike call and the weekly 6/9 49-strike put are the most active contracts, with new positions being sold to open at both. In the options pits so far today, 18,000 calls and 16,000 puts have been exchanged. Yes, that’s still expensive for a saddle, with the Adamo Attack checking in at 249, but consider that the Dash offerings are fully carbon fiber affairs. DASH was up as high as $65.31 earlier, though the $65 level appears to be keeping a cap on gains, as it did in late March and early April. The Basic line from Dash has brought their two most successful saddles, the Stage.9 and Strike.9, down to a price that those of us who are not independently wealthy can afford: 299. ![]() No fewer than seven analysts lifted their price targets in turn, with the highest from Oppenheimer to $85 from $80.ĭoorDash stock is reversing its early-morning gains, however, currently down 3.7% to trade at $60.51. DoorDash Inc (NYSE:DASH) posted better-than-expected first-quarter results and raised its full-year gross order value (GOV) and adjusted EBITDA forecasts after the close yesterday. Our Stock version of the Stage Custom that incorporates the most common options but in a slightly heavier form. ![]()
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