Uber Technologies's Options Frenzy: What You Need to Know

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 18 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $166,025 and 14, calls, for a total amount of $1,160,589.

What's The Price Target?

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $65.0 for Uber Technologies over the recent three months.

Insights into 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 $30.0 to $65.0, over the past month.

Uber Technologies Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

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.

In light of the recent options history for Uber Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Uber Technologies Standing Right Now?

• With a trading volume of 6,204,978, the price of UBER is up by 1.64%, reaching $56.23.
• Current RSI values indicate that the stock is may be overbought.
• Next earnings report is scheduled for 72 days from now.

Professional Analyst Ratings for Uber Technologies

In the last month, 5 experts released ratings on this stock with an average target price of $61.2.

• An analyst from Wells Fargo has decided to maintain their Overweight rating on Uber Technologies, which currently sits at a price target of $64.
• An analyst from Truist Securities persists with their Buy rating on Uber Technologies, maintaining a target price of $58.
• Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on Uber Technologies with a target price of $62.
• Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Uber Technologies with a target price of $62.
• An analyst from Keybanc has elevated its stance to Overweight, setting a new price target at $60.

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.