Behind the Scenes of Uber Technologies's Latest Options Trends

Financial giants have made a conspicuous bearish move on Uber Technologies. Our analysis of options history for Uber Technologies UBER revealed 41 unusual trades.

Delving into the details, we found 39% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $542,571, and 32 were calls, valued at $2,238,758.

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 $42.5 and $90.0 for Uber Technologies, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Uber Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Uber Technologies's substantial trades, within a strike price spectrum from $42.5 to $90.0 over the preceding 30 days.

Uber Technologies Option Activity Analysis: Last 30 Days

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.

In light of the recent options history for Uber Technologies, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Uber Technologies

• Currently trading with a volume of 9,085,585, the UBER's price is up by 1.25%, now at $63.91.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 20 days.

What Analysts Are Saying About Uber Technologies

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $71.6.

• An analyst from Mizuho has decided to maintain their Buy rating on Uber Technologies, which currently sits at a price target of $77.
• An analyst from Goldman Sachs persists with their Buy rating on Uber Technologies, maintaining a target price of $78.
• An analyst from Nomura downgraded its action to Neutral with a price target of $62.
• Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Uber Technologies, targeting a price of $78.
• An analyst from Needham downgraded its action to Buy with a price target of $63.

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.