What the Options Market Tells Us About Lemonade - Lemonade (NYSE:LMND)

Group 1: Options Trading Analysis - Financial giants have shown a bearish sentiment towards Lemonade, with 51% of traders exhibiting bearish tendencies and only 29% bullish [1] - The analysis identified 31 unusual trades, including 5 puts valued at $328,475 and 26 calls valued at $2,247,281 [1] - Whales have targeted a price range for Lemonade between $8.0 and $120.0 over the last 3 months based on volume and open interest [2] Group 2: Volume and Open Interest Trends - Volume and open interest are critical metrics in options trading, indicating liquidity and investor interest in Lemonade's options at specified strike prices [3] - The forthcoming data will visualize fluctuations in volume and open interest for both calls and puts related to substantial trades within the $8.0 to $120.0 strike price range over the past 30 days [3] Group 3: Company Overview - Lemonade Inc operates in the insurance industry, providing a digital and AI-based platform for various insurance services, ensuring transparency in policy issuance and claims settlement [7] - The company utilizes technology, data, and social impact to offer affordable insurance solutions across multiple states including California, Texas, and New York [7] Group 4: Market Performance - The current trading volume for Lemonade is 1,593,681, with the stock price up by 1.61% to $87.9 [11] - The next earnings report is scheduled for 42 days from now, and current RSI values suggest the stock may be approaching overbought conditions [11] Group 5: Expert Opinions - An analyst from Truist Securities has downgraded Lemonade to a Buy rating with a price target of $98, based on recent evaluations [10] - The average target price from experts for Lemonade is $98.0, indicating a positive outlook despite the current bearish sentiment in options trading [10]