LYFT Call Spread Buyers Score 20.2% Gain as Stock Jumps 14.56%—Technical Indicators and Skew Suggest Bullish Outlook
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Large Volume LYFT Call Spread Nets Early Gains
On September 17, 2025, a notable high-volume options trade appeared in LYFT: a 22,002-contract 20-25 call spread expiring October 17, 2025. Priced at a VWAP of $2.16, the spread quickly rose to $2.59, rewarding its buyers with a $0.43, or 20.2%, gain—largely fueled by LYFT stock jumping 14.56% on the day from $22.05 to $23.13.
Call Spread Trade Details
| Option Type | Strike Prices | Expiration | Contracts | VWAP Price | Stock Reference Price | Profit as of 10:20 |
|---|---|---|---|---|---|---|
| Call Spread | 20/25 | 17-Oct-25 | 22,002 | $2.16 | $22.05 | $0.43 (20.2%) |
The buyers spent more than $2.4 million on this trade and, if LYFT finishes above $25 at expiration, stand to gain approximately $3.1 million. You can see full details in the Multi-Leg Trade Analyzer.
Technicals Strong: LYFT in Firm Uptrend, Outperforming the Market
Price action in LYFT has been remarkably strong, and technical analysis reinforces the bullish case:
- Current Price: $23.13
- Daily Change: +$2.94 (+14.56%)
- Above 20-day MA: +33.6%
- Above 50-day MA: +47.5%
- Above 250-day MA: +61.8%
- 52-week Performance: +98.2% (vs SPY +18.4%)
LYFT has outperformed the SPY index across all key durations in the past year, indicating persistent relative strength. Its 1-year return is nearly 100%, with the stock hitting new highs well above key moving averages.
| Duration | LYFT Return | SPY Return | Low | High |
|---|---|---|---|---|
| Today | +14.7% | -0.1% | 21.91 | 23.50 |
| 2 Week | +37.8% | +3.0% | 16.29 | 23.50 |
| 1 Month | +46.3% | +2.5% | 14.79 | 23.50 |
| 3 Month | +54.6% | +9.7% | 13.16 | 23.50 |
| 6 Month | +94.2% | +17.7% | 9.66 | 23.50 |
| 1 Year | +98.2% | +18.4% | 9.66 | 23.50 |
| YTD | +79.5% | +13.1% | 9.66 | 23.50 |
| 3 Year | +42.3% | +75.9% | 7.85 | 23.50 |
| 5 Year | -24.6% | +104.0% | 7.85 | 68.28 |
With the stock surging past expected resistance ($21.02) and far above recent highs, momentum remains on the bulls' side. The moving average trend is rated "uptrend," supporting further positive bias.
Options Skew Points to Bullish Sentiment
The proprietary 30-day implied volatility skew sits at a 70% rank—meaning the current market-implied bullishness is stronger than in 70% of the last 52 weeks. This aligns with the large call spread activity, suggesting that options traders are anticipating further gains in the near term.
Potential Catalysts: Lyft–Waymo Partnership Fuels Growth Narrative
Supporting the move is recent news that Lyft has teamed up with Waymo to bring autonomous vehicles to Nashville in 2026. The integration leverages Lyft’s Flexdrive for end-to-end fleet management, opening new frontiers in autonomous mobility and offering potential cost savings and higher margins. You can read the full press release here. This announcement could continue to drive bullish sentiment and speculative positioning.
What This Means for Traders
While past performance isn’t a guarantee of future results, the combination of a large bullish call spread, a stock breaking through resistance, technical indicators firmly in the bull camp, and option skew remaining positive, suggest traders are betting on more upside—especially with new business catalysts in play. To analyze more multi-leg trades or explore similar strategies, check out the multi-leg option trades screener.
The real test comes at the $25 level by October expiration. If the bulls keep control and LYFT maintains momentum, this call spread could move deeper into profitable territory—rewarding traders willing to make large, focused bets on future growth.
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