Core Insights - Financial institutions are showing a bullish sentiment towards Lemonade, with 60% of traders taking bullish positions and only 34% bearish [1] - The average target price set by industry analysts for Lemonade is $60.0, indicating a positive outlook [11][12] Options Activity - A total of 23 unusual trades were identified for Lemonade, with 20 calls valued at $1,113,566 and 3 puts valued at $127,505 [1] - The average open interest for Lemonade options is 930.54, with a total volume of 7,033.00, indicating significant trading activity [3] - The price window for Lemonade options has been observed between $12.0 and $75.0 over the past quarter [2] Significant Trades - Notable trades include a bullish call option with a total trade price of $136.0K and a bearish call option with a total trade price of $110.0K [9] - The trading sentiment is mixed, with both bullish and bearish trades detected, reflecting diverse market expectations [9] Company Overview - Lemonade Inc operates in the insurance sector, utilizing digital and AI-based platforms for insurance services, ensuring transparency in policy issuance and claims [10] - The company is active in multiple states, including California, Texas, New York, and others, focusing on delivering affordable insurance solutions [10] Current Market Status - As of the latest data, Lemonade's stock price is $51.7, reflecting a decrease of 3.24% [14] - The next earnings report is anticipated in 34 days, which could influence future trading activity [14]
Unpacking the Latest Options Trading Trends in Lemonade - Lemonade (NYSE:LMND)