Behind the Scenes of Uber Technologies's Latest Options Trends

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 10 trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $62,551 and 8, calls, for a total amount of $490,489.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $70.0 for Uber Technologies, spanning the last three months.

Volume & Open Interest Trends

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 $45.0 to $70.0 in the last 30 days.

Uber Technologies Option Volume And Open Interest Over 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.

Uber Technologies's Current Market Status

• Currently trading with a volume of 5,727,917, the UBER's price is up by 0.03%, now at $59.77.
• RSI readings suggest the stock is currently may be overbought.
• Anticipated earnings release is in 62 days.

Professional Analyst Ratings for Uber Technologies

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $62.4.

• Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Uber Technologies with a target price of $61.
• Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Uber Technologies, targeting a price of $62.
• 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 Needham downgraded its action to Buy with a price target of $63.
• Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on Uber Technologies with a target price of $62.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Uber Technologies options trades with real-time alerts from Benzinga Pro.