Call Traders Hailing Lyft Stock

The 10-year treasury yield is back on the rise again

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Schaeffer's Market Recap
3/03/2021
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Blue-Chip Index Joins S&P 500, Nasdaq Lower


By: Jake Scott

Stocks closed up shop lower on Wednesday, as losses from tech names and rising bond yields dampened investor sentiment. Despite trading in the black for most of the day, the Dow pivoted lower in the final half hour of trading. The S&P 500 and Nasdaq both finished in the red too, the former notching its fourth loss in five days. Higher bond yields took their toll in particular on technology stocks, which rely on easy borrowing for better growth.

Continue reading for more on today's market, including:

  • Options bulls unfazed by this fast food stock's post-earnings drop.
  • Call traders picked up on Lyft's best week in 12 months. 
  • Plus, five options trading mistakes to avoid; casino stock pops after billion-dollar sale; and bull notes pour in for HPE.
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