Deep-pocketed investors have adopted a bullish approach towards Uber Technologies UBER, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in UBER usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 41 extraordinary options activities for Uber Technologies. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 58% leaning bullish and 31% bearish. Among these notable options, 7 are puts, totaling $314,835, and 34 are calls, amounting to $1,538,292.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $100.0 for Uber Technologies over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Uber Technologies options trades today is 4415.24 with a total volume of 15,313.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Uber Technologies's big money trades within a strike price range of $35.0 to $100.0 over the last 30 days.
Uber Technologies 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UBER | CALL | TRADE | BULLISH | 07/19/24 | $0.18 | $0.08 | $0.15 | $82.50 | $123.7K | 9.1K | 0 |
| UBER | CALL | TRADE | NEUTRAL | 06/18/26 | $20.15 | $18.9 | $19.5 | $67.50 | $97.5K | 270 | 4 |
| UBER | CALL | SWEEP | NEUTRAL | 07/19/24 | $2.73 | $2.72 | $2.72 | $70.00 | $81.8K | 38.4K | 1.4K |
| UBER | CALL | TRADE | BULLISH | 01/16/26 | $38.0 | $37.15 | $38.0 | $35.00 | $76.0K | 51 | 0 |
| UBER | PUT | SWEEP | BEARISH | 06/20/25 | $14.15 | $13.95 | $14.1 | $77.50 | $74.7K | 481 | 15 |
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 150 million users who order rides or food at least once a month.
After a thorough review of the options trading surrounding Uber Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Uber Technologies Standing Right Now?
- Currently trading with a volume of 12,276,811, the UBER's price is up by 1.44%, now at $69.59.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 49 days.
Expert Opinions on 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 $84.0.
- An analyst from Loop Capital persists with their Buy rating on Uber Technologies, maintaining a target price of $83.
- An analyst from BMO Capital downgraded its action to Outperform with a price target of $92.
- Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Uber Technologies, targeting a price of $75.
- An analyst from Oppenheimer has decided to maintain their Outperform rating on Uber Technologies, which currently sits at a price target of $90.
- An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $80.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Uber Technologies with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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