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.
