Lyft Inc. shares surged by more than 28% following the company's recent earnings report, which highlighted double-digit booking growth for the 16th consecutive quarter. The company also announced an increase in its share buyback program to $750 million. Market sentiment shifted markedly positive, with trading volumes reflecting a notable increase in short put options open interest. Despite some mixed interpretations of the earnings report, Lyft's CEO expressed confidence in consumer demand, indicating no current signs of concern. The stock closed significantly higher amid heightened investor optimism and technical resistance noted near the $17.25 price level.