Uber Technologies Unusual Options Activity

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 72 trades.

If we consider the specifics of each trade, it is accurate to state that 29% of the investors opened trades with bullish expectations and 70% with bearish.

From the overall spotted trades, 16 are puts, for a total amount of $1,270,031 and 56, calls, for a total amount of $4,679,444.

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 $12.5 to $70.0 for Uber Technologies over the last 3 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 $12.5 to $70.0, over the past month.

Uber Technologies Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

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.

Current Position of Uber Technologies

• Trading volume stands at 18,372,135, with UBER's price down by -0.89%, positioned at $61.15.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 58 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 $66.8.

• An analyst from Tigress Financial persists with their Buy rating on Uber Technologies, maintaining a target price of $72.
• Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $63.
• An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $62.
• Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Uber Technologies with a target price of $75.
• An analyst from JMP Securities has decided to maintain their Market Outperform rating on Uber Technologies, which currently sits at a price target of $62.

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.