Market Whales and Their Recent Bets on UBER Options

Investors with a lot of money to spend have taken a bearish stance on Uber Technologies UBER.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UBER, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 9 uncommon options trades for Uber Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $72,822, and 7 are calls, for a total amount of $313,175.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $60.0 for Uber Technologies over the recent three months.

Volume & Open Interest Development

Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.

This data can help you track the liquidity and interest for Uber Technologies's options for a given strike price.

Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Uber Technologies's whale activity within a strike price range from $40.0 to $60.0 in the last 30 days.

Uber Technologies Option Activity Analysis: Last 30 Days

Significant Options Trades Detected:

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.

Following our analysis of the options activities associated with Uber Technologies, we pivot to a closer look at the company's own performance.

Uber Technologies's Current Market Status

• Currently trading with a volume of 1,511,482, the UBER's price is up by 0.51%, now at $56.67.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 68 days.

Expert Opinions on Uber Technologies

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $61.6.

• Maintaining their stance, an analyst from Roth MKM continues to hold a Buy rating for Uber Technologies, targeting a price of $62.
• An analyst from JMP Securities persists with their Market Outperform rating on Uber Technologies, maintaining a target price of $62.
• An analyst from Keybanc upgraded its action to Overweight with a price target of $60.
• Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Uber Technologies, targeting a price of $61.
• Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $63.

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.