Unusual Options Activity: Traders Bet Lyft, Inc. (LYFT) Will Rebound From Today's Selloff

Thursday, December 5, 2019 2:34 PM | Michael Fowlkes

Unusual Options Activity

Traders are betting Thursday that Lyft, Inc. (LYFT) will rebound from today's selloff with the stock down 6.6% in today's session. LYFT is trading lower on a report that the company is being sued by 19 women who claim they were harassed or raped by Lyft drivers. So far today, 3,053 contracts of the December 48 call have changed hands, against open interest of just 122 contracts.

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