A whale with a lot of money to spend has taken a noticeably bearish stance on Lyft.
Looking at options history for Lyft LYFT we detected 11 strange trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 63% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $252,840 and 7, calls, for a total amount of $404,893.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2.5 to $25.0 for Lyft over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Lyft's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lyft's whale activity within a strike price range from $2.5 to $25.0 in the last 30 days.
Lyft Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| LYFT | PUT | SWEEP | BEARISH | 10/20/23 | $14.00 | $125.1K | 950 | 2 |
| LYFT | CALL | TRADE | BULLISH | 01/17/25 | $2.50 | $90.9K | 410 | 14 |
| LYFT | CALL | TRADE | NEUTRAL | 07/21/23 | $10.00 | $56.5K | 17.2K | 1.4K |
| LYFT | PUT | TRADE | BULLISH | 01/19/24 | $16.00 | $54.5K | 112 | 100 |
| LYFT | CALL | TRADE | BEARISH | 07/21/23 | $10.00 | $54.0K | 17.2K | 2.4K |
Where Is Lyft Standing Right Now?
- With a volume of 10,000,008, the price of LYFT is up 10.44% at $11.16.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 24 days.
What The Experts Say On Lyft:
- DA Davidson downgraded its action to Neutral with a price target of $9
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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