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 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 77% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $114,003 and 6, calls, for a total amount of $1,395,482.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $70.0 for Uber Technologies over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Uber Technologies options trades today is 8421.22 with a total volume of 1,415.00.
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 $50.0 to $70.0 over the last 30 days.
Uber Technologies Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| UBER | CALL | SWEEP | NEUTRAL | 01/19/24 | $50.00 | $1.2M | 31.5K | 1.0K |
| UBER | CALL | TRADE | BEARISH | 06/21/24 | $50.00 | $59.2K | 10.8K | 40 |
| UBER | PUT | SWEEP | BEARISH | 07/19/24 | $70.00 | $45.7K | 33 | 0 |
| UBER | CALL | SWEEP | NEUTRAL | 01/26/24 | $62.00 | $36.1K | 390 | 150 |
| UBER | CALL | TRADE | BULLISH | 01/19/24 | $55.00 | $36.0K | 23.4K | 89 |
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
- With a trading volume of 2,939,541, the price of UBER is down by -0.84%, reaching $61.6.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 49 days from now.
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 $68.4.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Uber Technologies, targeting a price of $70.
- In a cautious move, an analyst from JMP Securities downgraded its rating to Market Outperform, setting a price target of $62.
- Maintaining their stance, an analyst from Tigress Financial continues to hold a Buy rating for Uber Technologies, targeting a price of $72.
- An analyst from Needham downgraded its action to Buy with a price target of $63.
- Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Uber Technologies with a target price of $75.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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