The long put is more sensitive to timing whereas the short call spread limits upside returns. Trade-off depending on your goals.
Edit: not to be confused with a short call, which has unlimited downside risk.
Also it’s close to impossible to short an ipo.
Is the stock going to infinity before you can repurchase it really a concern?
When you're shorting, you lose twice as much when the price doubles than when it halves.
It's not infinity, but it's a huge difference, and volatility is your enemy.
Lyft is a good company in a difficult business. No one here should have any interest, financial or otherwise, in good companies deteriorating.
Shorts help keep the stock market healthy by giving opportunities to investor to invest into overevaluated stocks. And honestly Lyft seems to be a perfect candidate for this.
I don't see much health value in ability to short over-valuation.
