Investors with a lot of money to spend have taken a bearish stance on Lyft LYFT.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LYFT, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 16 uncommon options trades for Lyft.
This isn't normal.
The overall sentiment of these big-money traders is split between 31% bullish and 50%, bearish.
Out of all of the special options we uncovered, 12 are puts, for a total amount of $1,158,427, and 4 are calls, for a total amount of $152,235.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $19.0 for Lyft over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Lyft options trades today is 3793.43 with a total volume of 42,843.00.
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 $12.0 to $19.0 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|---|---|---|
LYFT | PUT | SWEEP | BEARISH | 02/21/25 | $2.32 | $2.26 | $2.32 | $16.00 | $252.6K | 68 | 5.9K |
LYFT | PUT | SWEEP | BEARISH | 02/21/25 | $2.3 | $2.27 | $2.3 | $16.00 | $153.1K | 68 | 5.8K |
LYFT | PUT | SWEEP | BEARISH | 02/21/25 | $2.28 | $2.24 | $2.28 | $16.00 | $146.2K | 68 | 4.1K |
LYFT | PUT | SWEEP | BEARISH | 02/21/25 | $2.3 | $2.28 | $2.28 | $16.00 | $121.5K | 68 | 4.9K |
LYFT | PUT | SWEEP | NEUTRAL | 02/21/25 | $2.03 | $1.97 | $2.02 | $16.00 | $87.2K | 68 | 899 |
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.
In light of the recent options history for Lyft, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Lyft's Current Market Status
- With a trading volume of 8,673,419, the price of LYFT is down by -7.94%, reaching $14.9.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 62 days from now.
What Analysts Are Saying About Lyft
2 market experts have recently issued ratings for this stock, with a consensus target price of $24.5.
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. * Maintaining their stance, an analyst from Loop Capital continues to hold a Buy rating for Lyft, targeting a price of $23. * An analyst from Tigress Financial has decided to maintain their Buy rating on Lyft, which currently sits at a price target of $26.
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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