Financial giants have made a conspicuous bullish move on Lyft. Our analysis of options history for $Lyft Inc (LYFT.US)$ revealed 11 unusual trades.

Delving into the details, we found 63% of traders were bullish, while 36% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $164,232, and 7 were calls, valued at $1,166,313.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $14.0 and $27.0 for Lyft, spanning the last three months.

Volume & Open Interest Trends

In today's trading context, the average open interest for options of Lyft stands at 2059.73, with a total volume reaching 1,463.00. The accompanying chart delineates 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 $14.0 to $27.0, throughout the last 30 days.

Lyft Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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

Present Market Standing of Lyft

• With a volume of 12,069,459, the price of LYFT is down -2.48% at $16.5.

• RSI indicators hint that the underlying stock may be approaching oversold.

• Next earnings are expected to be released in 13 days.

What The Experts Say On Lyft

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $21.0.

• An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Lyft, which currently sits at a price target of $18.

• An analyst from Tigress Financial persists with their Buy rating on Lyft, maintaining a target price of $24.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Lyft options trades with real-time alerts from Benzinga Pro.