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 12 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $311,850 and 7, calls, for a total amount of $849,790.
Projected Price Targets
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 $27.0 for Lyft, spanning the last three months.
Analyzing Volume & Open Interest
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Lyft's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lyft's whale trades within a strike price range from $8.0 to $27.0 in the last 30 days.
Lyft Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LYFT | CALL | TRADE | BEARISH | 01/16/26 | $0.82 | $0.76 | $0.77 | $27.00 | $308.0K | 206 | 4.0K |
| LYFT | CALL | SWEEP | BULLISH | 10/18/24 | $0.56 | $0.54 | $0.56 | $13.00 | $196.3K | 4.9K | 4.0K |
| LYFT | CALL | SWEEP | NEUTRAL | 01/16/26 | $5.4 | $5.3 | $5.4 | $8.00 | $108.0K | 3.0K | 200 |
| LYFT | CALL | SWEEP | BULLISH | 01/16/26 | $5.4 | $5.3 | $5.4 | $8.00 | $107.7K | 3.0K | 400 |
| LYFT | PUT | TRADE | BULLISH | 09/20/24 | $8.15 | $8.1 | $8.12 | $20.00 | $81.1K | 0 | 300 |
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.
Following our analysis of the options activities associated with Lyft, we pivot to a closer look at the company's own performance.
Where Is Lyft Standing Right Now?
- With a trading volume of 8,949,969, the price of LYFT is up by 0.86%, reaching $11.78.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 72 days from now.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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