Lyft Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on Lyft (NASDAQ:LYFT), as evidenced by recent options trading activity. Benzinga's options scanner identified 22 unusual options trades, with 54% being bearish. The trades include 13 puts totaling $2,601,912 and 9 calls totaling $677,932. The targeted price range for Lyft over the last three months is between $7.5 and $15.0. The current trading volume is 16,007,353, and the stock price is up by 9.2%, reaching $9.91.
August 08, 2024 | 6:09 pm
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Investors with significant capital have taken a predominantly bearish stance on Lyft, with 54% of recent options trades being puts. This suggests a potential decline in Lyft's stock price in the short term.
The significant amount of bearish options trades (54% puts) indicates that investors are expecting a decline in Lyft's stock price. The targeted price range of $7.5 to $15.0 further supports this bearish sentiment.
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