Moderately bullish activity in Lyft with shares up 4.0%

Moderately bullish activity in Lyft (LYFT), with shares up 77c, or 4.0%, near $20.02. Options volume relatively light with 70k contracts traded and calls leading puts for a put/call ratio of 0.47, compared to a typical level near 0.32. Implied volatility (IV30) is higher by 1.1 points near 82.65,in the top quartile of the past year, suggesting an expected daily move of $1.04. Put-call skew steepened, indicating increased demand for downside protection.