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Investors with a lot of money to spend have taken a bearish stance on Lyft (NASDAQ:LYFT).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with LYFT, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 10 uncommon options trades for Lyft.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 60%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $147,188, and 7 are calls, for a total amount of $296,335.
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $2.5 and $22.0 for Lyft, spanning the last three months.
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 $2.5 to $22.0 over the preceding 30 days.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LYFT | CALL | TRADE | BEARISH | 07/19/24 | $0.93 | $0.85 | $0.87 | $16.00 | $60.9K | 2.3K | 727 |
| LYFT | PUT | SWEEP | BULLISH | 06/14/24 | $0.6 | $0.53 | $0.53 | $14.50 | $52.8K | 1.0K | 3.8K |
| LYFT | PUT | SWEEP | BULLISH | 05/16/25 | $7.7 | $7.6 | $7.6 | $22.00 | $47.8K | 308 | 67 |
| LYFT | CALL | SWEEP | BEARISH | 12/19/25 | $4.45 | $4.3 | $4.3 | $17.00 | $47.7K | 924 | 115 |
| LYFT | PUT | TRADE | BULLISH | 06/14/24 | $0.58 | $0.5 | $0.51 | $14.50 | $46.4K | 1.0K | 4.7K |
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.
After a thorough review of the options trading surrounding Lyft, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $20.0.
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.
Posted In: LYFT
