Lyft Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual options activity in Lyft (NASDAQ:LYFT), with a 50/50 split between bullish and bearish sentiments. The activity, highlighted by Benzinga's options scanner, involves 8 significant trades, with puts totaling $331,137 and calls at $112,284. The targeted price range for LYFT over the last 3 months is between $16.0 and $25.0. The largest trades include both bearish and bullish positions with varying expiration dates and strike prices. Lyft's current market status shows a slight decrease in stock price to $18.28, with potential overbought conditions indicated by the RSI. The next earnings report is expected in 52 days.
March 11, 2024 | 7:01 pm
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NEUTRAL IMPACT
Lyft has seen unusual options activity indicating mixed investor sentiment, with a significant volume of trades targeting a price range of $16 to $25. The stock's current slight decrease and potential overbought condition could influence short-term price movements.
The unusual options activity in Lyft, with an equal split between bullish and bearish sentiments, suggests uncertainty about the stock's direction in the short term. The significant volume of trades and the targeted price range indicate investor interest and potential volatility. However, the current slight decrease in stock price and the RSI suggesting overbought conditions could temper expectations for a strong upward movement. The upcoming earnings report in 52 days will likely be a critical event for the stock, potentially clarifying the direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100