Bearish flow noted in Lyft (LYFT) with 9,499 puts trading, or 3x expected. Most active are Sep-25 13 puts and 8/1 weekly 14 puts, with total volume in those strikes near 7,000 contracts. The Put/Call Ratio is 1.59, while ATM IV is up over 3 points on the day. Earnings are expected on August 6th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYFT:
- Tesla (TSLA) Rolls Out Ride-Hailing in San Francisco, But It’s Not a Robotaxi
- Waymo Partners with Avis for Dallas Robotaxi Launch
- Lyft Approves New Employee Incentive Compensation Plan
- Lyft price target raised to $15 from $14 at UBS
- Roth MKM Internet/capital markets analyst holds analyst/industry conference call