Financial giants have made a conspicuous bullish move on Lemonade. Our analysis of options history for Lemonade LMND revealed 20 unusual trades.
Delving into the details, we found 70% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 11 were puts, with a value of $1,950,705, and 9 were calls, valued at $1,190,845.
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 $15.0 to $55.0 for Lemonade during the past quarter.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lemonade's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lemonade's substantial trades, within a strike price spectrum from $15.0 to $55.0 over the preceding 30 days.
Lemonade Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LMND | PUT | SWEEP | BULLISH | 11/29/24 | $4.6 | $3.7 | $4.3 | $49.00 | $460.2K | 5.0K | 1.2K |
| LMND | PUT | TRADE | BULLISH | 11/29/24 | $4.1 | $3.6 | $3.8 | $49.00 | $440.0K | 5.0K | 2.7K |
| LMND | CALL | TRADE | BULLISH | 01/15/27 | $38.6 | $38.5 | $38.6 | $15.00 | $386.0K | 84 | 275 |
| LMND | CALL | SWEEP | BULLISH | 01/15/27 | $38.7 | $38.6 | $38.7 | $15.00 | $263.1K | 84 | 275 |
| LMND | PUT | SWEEP | BULLISH | 11/29/24 | $2.65 | $2.55 | $2.55 | $48.00 | $250.5K | 91 | 3.6K |
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.
Present Market Standing of Lemonade
- With a volume of 2,396,176, the price of LMND is up 0.08% at $50.4.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 95 days.
Expert Opinions on Lemonade
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $33.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access. * An analyst from Piper Sandler persists with their Neutral rating on Lemonade, maintaining a target price of $44. * Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Lemonade, targeting a price of $25. * An analyst from Morgan Stanley persists with their Underweight rating on Lemonade, maintaining a target price of $23. * An analyst from BMO Capital persists with their Underperform rating on Lemonade, maintaining a target price of $15. * Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on Lemonade with a target price of $60.
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 Lemonade options trades with real-time alerts from Benzinga Pro.
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