Financial giants have made a conspicuous bullish move on Lyft. Our analysis of options history for Lyft LYFT revealed 12 unusual trades.
Delving into the details, we found 66% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $277,976, and 7 were calls, valued at $1,154,802.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $13.0 to $18.0 for Lyft over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Lyft options trades today is 4351.18 with a total volume of 41,671.00.
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 $13.0 to $18.0 over the last 30 days.
Lyft Option Volume And Open Interest Over Last 30 Days
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 | TRADE | BULLISH | 06/21/24 | $0.4 | $0.39 | $0.4 | $17.00 | $876.3K | 18.7K | 25.5K |
| LYFT | PUT | TRADE | BULLISH | 05/16/25 | $2.09 | $2.03 | $2.03 | $13.00 | $121.7K | 555 | 600 |
| LYFT | CALL | SWEEP | BEARISH | 05/16/25 | $5.15 | $5.05 | $5.05 | $13.00 | $81.3K | 285 | 162 |
| LYFT | PUT | SWEEP | NEUTRAL | 06/14/24 | $1.14 | $1.1 | $1.12 | $16.00 | $65.5K | 637 | 820 |
| LYFT | CALL | SWEEP | BULLISH | 10/18/24 | $1.42 | $1.38 | $1.42 | $18.00 | $57.8K | 1.4K | 421 |
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.
Having examined the options trading patterns of Lyft, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Lyft
- Trading volume stands at 7,374,892, with LYFT's price up by 1.15%, positioned at $15.45.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 62 days.
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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