High-rolling investors have positioned themselves bullish on Lemonade LMND, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in LMND often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 17 options trades for Lemonade. This is not a typical pattern.
The sentiment among these major traders is split, with 76% bullish and 23% bearish. Among all the options we identified, there was one put, amounting to $31,680, and 16 calls, totaling $743,672.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $8.0 and $35.0 for Lemonade, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Lemonade stands at 1786.0, with a total volume reaching 7,595.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lemonade, situated within the strike price corridor from $8.0 to $35.0, throughout the last 30 days.
Lemonade Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LMND | CALL | SWEEP | BULLISH | 01/17/25 | $3.4 | $3.3 | $3.3 | $20.00 | $72.2K | 5.0K | 332 |
| LMND | CALL | TRADE | BULLISH | 01/16/26 | $7.0 | $6.7 | $7.0 | $20.00 | $70.0K | 1.8K | 403 |
| LMND | CALL | SWEEP | BULLISH | 06/14/24 | $1.35 | $0.25 | $0.8 | $23.00 | $62.7K | 2 | 793 |
| LMND | CALL | SWEEP | BULLISH | 06/21/24 | $1.7 | $1.65 | $1.7 | $20.00 | $59.3K | 8.1K | 881 |
| LMND | CALL | SWEEP | BULLISH | 05/24/24 | $0.45 | $0.4 | $0.45 | $21.00 | $56.2K | 57 | 1.2K |
About Lemonade
Lemonade Inc operates in the insurance industry. The company offers digital and artificial intelligence based platform for various insurances and for settling claims and paying premiums. The platform ensures transparency in issuing policies and settling disputes. The company is using technology, data, artificial intelligence, contemporary design, and social impact to deliver delightful and affordable insurances. Geographically, it operates in California, Texas, New York, New Jersey, Illinois, Georgia, Washington, Colorado, Pennsylvania, Oregon and others.
In light of the recent options history for Lemonade, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Lemonade
- With a volume of 3,665,894, the price of LMND is up 16.83% at $19.37.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 79 days.
Professional Analyst Ratings for Lemonade
3 market experts have recently issued ratings for this stock, with a consensus target price of $24.666666666666668.
- Maintaining their stance, an analyst from Jefferies continues to hold a Underperform rating for Lemonade, targeting a price of $16.
- An analyst from Piper Sandler has decided to maintain their Neutral rating on Lemonade, which currently sits at a price target of $18.
- An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $40.
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 Lemonade, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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