Deep-pocketed investors have adopted a bullish approach towards Lemonade LMND, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in LMND usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Lemonade. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 70% leaning bullish and 23% bearish. Among these notable options, 2 are puts, totaling $64,500, and 15 are calls, amounting to $1,829,487.
What's The Price Target?
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 $45.0 for Lemonade during the past quarter.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Lemonade options trades today is 2135.2 with a total volume of 2,635.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Lemonade's big money trades within a strike price range of $15.0 to $45.0 over the last 30 days.
Lemonade Option Activity Analysis: 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LMND | CALL | TRADE | BULLISH | 01/15/27 | $31.2 | $27.0 | $30.0 | $15.00 | $150.0K | 2.5K | 250 |
| LMND | CALL | SWEEP | BULLISH | 01/15/27 | $30.0 | $30.0 | $30.0 | $15.00 | $150.0K | 2.5K | 150 |
| LMND | CALL | TRADE | BULLISH | 01/15/27 | $32.0 | $27.0 | $30.0 | $15.00 | $150.0K | 2.5K | 100 |
| LMND | CALL | SWEEP | BEARISH | 01/15/27 | $31.8 | $30.0 | $30.0 | $15.00 | $150.0K | 2.5K | 50 |
| LMND | CALL | TRADE | BULLISH | 01/15/27 | $31.4 | $27.0 | $30.0 | $15.00 | $147.0K | 2.5K | 250 |
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.
Following our analysis of the options activities associated with Lemonade, we pivot to a closer look at the company's own performance.
Lemonade's Current Market Status
- Currently trading with a volume of 408,004, the LMND's price is up by 0.02%, now at $41.68.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 76 days.
Professional Analyst Ratings for 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 $36.8.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * An analyst from Morgan Stanley has elevated its stance to Equal-Weight, setting a new price target at $42. * An analyst from Morgan Stanley persists with their Underweight rating on Lemonade, maintaining a target price of $23. * An analyst from BMO Capital has decided to maintain their Underperform rating on Lemonade, which currently sits at a price target of $15. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Neutral rating on Lemonade with a target price of $44. * An analyst from JMP Securities has decided to maintain their Market Outperform rating on Lemonade, which currently sits at a price target of $60.
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 Lemonade, 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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