Uber Technologies Options Trading: A Deep Dive into Market Sentiment

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 36 trades.

If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.

From the overall spotted trades, 11 are puts, for a total amount of $789,896 and 25, calls, for a total amount of $2,421,266.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $37.5 and $72.5 for Uber Technologies, spanning the last three months.

Insights into Volume & Open Interest

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 $37.5 to $72.5 in the last 30 days.

Uber Technologies 30-Day Option Volume & Interest Snapshot

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

• Trading volume stands at 13,841,549, with UBER's price up by 0.94%, positioned at $58.12.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 30 days.

What Analysts Are Saying About Uber Technologies

Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $66.0.

• Reflecting concerns, an analyst from Nomura lowers its rating to Neutral with a new price target of $62.
• An analyst from Keybanc persists with their Overweight rating on Uber Technologies, maintaining a target price of $70.

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.