Lyft Unusual Options Activity For January 03

Whales with a lot of money to spend have taken a noticeably bullish stance on Lyft.

Looking at options history for Lyft LYFT we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $303,624 and 3, calls, for a total amount of $129,780.

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Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $20.0 for Lyft over the recent three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Lyft's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Lyft's substantial trades, within a strike price spectrum from $10.0 to $20.0 over the preceding 30 days.

Lyft 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About Lyft

Lyft is the second-largest ride-sharing service provider in the U.S. 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 5,343,229, the price of LYFT is down -2.9% at $13.4.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 36 days.

Expert Opinions on Lyft

In the last month, 2 experts released ratings on this stock with an average target price of $13.5.

• In a cautious move, an analyst from Nomura downgraded its rating to Reduce, setting a price target of $13.
• Maintaining their stance, an analyst from Wedbush continues to hold a Neutral rating for Lyft, targeting a price of $14.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Lyft with Benzinga Pro for real-time alerts.