Whales with a lot of money to spend have taken a noticeably bearish stance on Uber Technologies.
Looking at options history for Uber Technologies UBER we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $89,695 and 13, calls, for a total amount of $1,055,090.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $80.0 for Uber Technologies over the last 3 months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Uber Technologies's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Uber Technologies's significant trades, within a strike price range of $40.0 to $80.0, over the past month.
Uber Technologies Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UBER | CALL | TRADE | BEARISH | 01/16/26 | $45.00 | $265.6K | 1.4K | 90 |
| UBER | CALL | TRADE | BEARISH | 01/16/26 | $65.00 | $173.2K | 859 | 90 |
| UBER | CALL | TRADE | BEARISH | 07/19/24 | $55.00 | $108.2K | 1.7K | 65 |
| UBER | CALL | SWEEP | BULLISH | 02/16/24 | $65.00 | $103.9K | 23.8K | 251 |
| UBER | CALL | TRADE | NEUTRAL | 03/15/24 | $70.00 | $66.6K | 17.1K | 268 |
About Uber Technologies
Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 131 million users that order rides or food at least once a month. Approximately 44% of its gross revenue comes from ridesharing and 34% from food delivery.
Current Position of Uber Technologies
- With a trading volume of 5,272,644, the price of UBER is up by 0.31%, reaching $68.28.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 2 days from now.
Professional Analyst Ratings for Uber Technologies
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $73.0.
- An analyst from BMO Capital has revised its rating downward to Outperform, adjusting the price target to $69.
- Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Uber Technologies, targeting a price of $77.
- An analyst from Goldman Sachs persists with their Buy rating on Uber Technologies, maintaining a target price of $78.
- An analyst from Truist Securities has decided to maintain their Buy rating on Uber Technologies, which currently sits at a price target of $68.
- An analyst from B of A Securities persists with their Buy rating on Uber Technologies, maintaining a target price of $73.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Uber Technologies, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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