Check Out What Whales Are Doing With UBER

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 13 trades.

If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $329,090 and 9, calls, for a total amount of $706,581.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $25.0 and $65.0 for Uber Technologies, spanning the last three months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Uber Technologies options trades today is 8676.92 with a total volume of 9,259.00.

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 $25.0 to $65.0 over the last 30 days.

Uber Technologies 30-Day Option Volume & Interest Snapshot

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.

After a thorough review of the options trading surrounding Uber Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Uber Technologies's Current Market Status

• Trading volume stands at 5,114,932, with UBER's price up by 0.13%, positioned at $61.79.
• RSI indicators show the stock to be may be overbought.
• Earnings announcement expected in 43 days.

Professional Analyst Ratings for 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.

• Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $62.
• An analyst from Keybanc has decided to maintain their Overweight rating on Uber Technologies, which currently sits at a price target of $70.
• Consistent in their evaluation, an analyst from Tigress Financial keeps a Buy rating on Uber Technologies with a target price of $72.
• An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $63.
• Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Uber Technologies, targeting a 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.