Bearish flow noted in Lyft (LYFT) with 110,941 puts trading, or 18x expected. Most active are 11/7 weekly 14.5 puts and Dec-25 15 puts, with total volume in those strikes near 105,800 contracts. The Put/Call Ratio is 8.28, while ATM IV is up over 5 points on the day. Earnings are expected on November 5th.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LYFT:
- Jim Cramer Calls Uber a ‘Buy on Weakness’ Post-Earnings — Here’s Why He’s Not Worried
- Here’s what Wall Street experts are saying about Uber ahead of earnings
- Lyft call volume above normal and directionally bullish
- Lyft price target raised to $17 from $15 at Wedbush
- Lyft price target raised to $25 from $19 at Roth Capital
