Lyft's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Lyft has seen a significant amount of options trading activity, with an equal split between bullish and bearish sentiments among investors. The trading volume and open interest suggest a price range of $16.0 to $22.0 for Lyft shares. The largest trades observed indicate a mix of bearish calls and bullish puts, with notable trades focusing on strike prices between $17.00 and $22.00. Lyft's stock is currently up 1.42% at $17.45, with neutral RSI indicators and upcoming earnings expected in 1 day. Analyst ratings from Wells Fargo, Morgan Stanley, and Tigress Financial offer varied target prices, from $13 to $24.
May 06, 2024 | 6:01 pm
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NEUTRAL IMPACT
Lyft's options trading activity shows a balanced investor sentiment with a focus on a price range of $16 to $22. The stock is currently up, with neutral RSI indicators and earnings expected soon. Analysts have given varied target prices.
The balanced mix of bullish and bearish options trading activity, combined with the current stock performance and upcoming earnings, suggests a neutral short-term impact on LYFT's stock price. Analyst ratings provide a broad target price range, indicating uncertainty in price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100