Business

Whales Bullish on Lyft Options Market Dynamics

A Closer Look at Lyft’s Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bullish stance on Lyft. Looking at options history for Lyft, we detected 10 trades. From the overall spotted trades, 50% of the investors opened trades with bullish expectations and 30% with bearish. Among these trades, 6 are puts, totaling $207,379, and 4 are calls, totaling $552,410.

Considering the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $12.0 to $35.0 for Lyft over the last 3 months. In today’s trading context, the average open interest for options of Lyft stands at 2985.6, with a total volume reaching 4,334.00. 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 $12.0 to $35.0, has been delineated in the accompanying chart throughout the 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
LYFT CALL SWEEP BULLISH 06/21/24 $1.11 $1.07 $1.12 $20.00 $280.2K 6.8K 187
LYFT CALL TRADE BULLISH 05/17/24 $1.68 $1.65 $1.68 $17.00 $168.0K 2.4K 1.2K
LYFT CALL SWEEP BEARISH 05/17/24 $0.93 $0.92 $0.92 $19.00 $73.5K 10.5K 882
LYFT PUT SWEEP BULLISH 10/18/24 $3.05 $3.0 $3.0 $17.00 $56.7K 1.7K 0
LYFT PUT TRADE NEUTRAL 06/21/24 $1.58 $1.44 $1.51 $16.00 $45.3K 2.5K 0

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 has also entered the bike- and scooter-share market to bring multimodal transportation options to users.

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