Financial giants have made a conspicuous bullish move on Lyft. Our analysis of options history for Lyft LYFT revealed 10 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $151,803, and 7 were calls, valued at $398,068.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $13.0 to $27.0 for Lyft during the past quarter.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Lyft's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Lyft's significant trades, within a strike price range of $13.0 to $27.0, over the past month.
Lyft 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LYFT | CALL | SWEEP | BEARISH | 06/20/25 | $2.56 | $2.52 | $2.52 | $17.00 | $103.5K | 236 | 0 |
| LYFT | CALL | TRADE | BULLISH | 01/17/25 | $2.64 | $2.46 | $2.63 | $14.00 | $78.9K | 341 | 20 |
| LYFT | PUT | TRADE | BEARISH | 05/16/25 | $13.4 | $13.4 | $13.4 | $27.00 | $61.6K | 64 | 0 |
| LYFT | CALL | TRADE | BULLISH | 01/17/25 | $1.71 | $1.71 | $1.71 | $16.00 | $50.2K | 558 | 22 |
| LYFT | PUT | SWEEP | BEARISH | 09/20/24 | $1.03 | $1.02 | $1.03 | $13.00 | $48.6K | 2.6K | 10 |
About Lyft
Lyft is the second-largest ride-sharing service provider in the us 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.
After a thorough review of the options trading surrounding Lyft, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Lyft Standing Right Now?
- Trading volume stands at 8,924,641, with LYFT's price up by 3.92%, positioned at $13.91.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 39 days.
What The Experts Say On Lyft
5 market experts have recently issued ratings for this stock, with a consensus target price of $20.4.
- Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Lyft with a target price of $19.
- An analyst from Loop Capital upgraded its action to Buy with a price target of $20.
- An analyst from Goldman Sachs persists with their Neutral rating on Lyft, maintaining a target price of $21.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $24.
- An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Lyft, which currently sits at a price target of $18.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lyft options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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