Whales with a lot of money to spend have taken a noticeably bullish stance on Lyft.
Looking at options history for Lyft LYFT we detected 33 trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 24 are puts, for a total amount of $1,407,450 and 9, calls, for a total amount of $552,602.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $7.0 to $17.0 for Lyft during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Lyft options trades today is 4548.35 with a total volume of 58,574.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Lyft's big money trades within a strike price range of $7.0 to $17.0 over the last 30 days.
Lyft Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LYFT | PUT | SWEEP | BEARISH | 02/16/24 | $12.50 | $149.2K | 2.4K | 6 |
| LYFT | PUT | SWEEP | BULLISH | 06/21/24 | $14.00 | $113.2K | 1.2K | 435 |
| LYFT | CALL | SWEEP | BULLISH | 06/21/24 | $7.00 | $112.0K | 197 | 200 |
| LYFT | PUT | TRADE | BULLISH | 09/20/24 | $10.00 | $95.9K | 43 | 700 |
| LYFT | CALL | TRADE | BEARISH | 02/16/24 | $12.00 | $86.4K | 9.4K | 541 |
About Lyft
Lyft is the second-largest ride-sharing service provider in the U.S. and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
Present Market Standing of Lyft
- Trading volume stands at 13,909,163, with LYFT's price down by -3.47%, positioned at $11.97.
- RSI indicators show the stock to be is currently neutral between overbought and oversold.
- Earnings announcement expected in 0 days.
What The Experts Say On Lyft
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $12.0.
- An analyst from TD Cowen persists with their Market Perform rating on Lyft, maintaining a target price of $12.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Lyft, Benzinga Pro gives you real-time options trades alerts.
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