Whales with a lot of money to spend have taken a noticeably bullish stance on Lyft.
Looking at options history for $Lyft Inc (LYFT.US)$ we detected 14 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 50% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $206,089 and 9, calls, for a total amount of $484,135.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $16.0 and $22.0 for Lyft, spanning the last three months.
Analyzing Volume & Open Interest
In today's trading context, the average open interest for options of Lyft stands at 1621.43, with a total volume reaching 8,186.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lyft, situated within the strike price corridor from $16.0 to $22.0, throughout the last 30 days.
Lyft Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
LYFT | CALL | TRADE | BEARISH | 05/10/24 | $0.81 | $0.78 | $0.78 | $19.50 | $172.1K | 2.8K | 2.5K |
LYFT | CALL | SWEEP | BEARISH | 05/10/24 | $0.35 | $0.3 | $0.3 | $22.00 | $58.4K | 288 | 2.3K |
LYFT | CALL | SWEEP | BEARISH | 05/17/24 | $0.64 | $0.63 | $0.63 | $20.50 | $54.5K | 47 | 864 |
LYFT | PUT | TRADE | BULLISH | 08/16/24 | $3.15 | $3.1 | $3.1 | $18.00 | $53.9K | 17 | 1 |
LYFT | CALL | SWEEP | BULLISH | 05/10/24 | $1.76 | $1.75 | $1.75 | $17.00 | $50.5K | 1.4K | 954 |
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.
Lyft's Current Market Status
With a volume of 6,998,331, the price of LYFT is up 1.42% at $17.45.
RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
Next earnings are expected to be released in 1 days.
Professional Analyst Ratings for Lyft
In the last month, 3 experts released ratings on this stock with an average target price of $18.333333333333332.
Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Lyft, targeting a price of $18.
An analyst from Morgan Stanley persists with their Equal-Weight rating on Lyft, maintaining a target price of $13.
An analyst from Tigress Financial has decided to maintain their Buy rating on Lyft, which currently sits at a price target of $24.
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 Lyft options trades with real-time alerts from Benzinga Pro.