Financial giants have made a conspicuous bearish move on Uber Technologies. Our analysis of options history for Uber Technologies UBER revealed 34 unusual trades.
Delving into the details, we found 26% of traders were bullish, while 73% showed bearish tendencies. Out of all the trades we spotted, 23 were puts, with a value of $1,156,452, and 11 were calls, valued at $573,028.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $27.5 to $95.0 for Uber Technologies over the last 3 months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Uber Technologies options trades today is 3050.61 with a total volume of 24,288.00.
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 $27.5 to $95.0 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 | PUT | SWEEP | BEARISH | 02/16/24 | $67.50 | $153.0K | 1.1K | 309 |
| UBER | PUT | TRADE | BEARISH | 02/16/24 | $60.00 | $144.0K | 10.2K | 1.0K |
| UBER | CALL | SWEEP | NEUTRAL | 09/20/24 | $40.00 | $112.7K | 258 | 43 |
| UBER | PUT | SWEEP | BEARISH | 02/16/24 | $63.00 | $80.5K | 2.5K | 1.4K |
| UBER | CALL | SWEEP | BEARISH | 02/02/24 | $67.00 | $77.8K | 2.8K | 1.6K |
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.
Having examined the options trading patterns of Uber Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Uber Technologies Standing Right Now?
- Trading volume stands at 8,160,927, with UBER's price up by 0.03%, positioned at $64.57.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 15 days.
Professional Analyst Ratings for Uber Technologies
5 market experts have recently issued ratings for this stock, with a consensus target price of $72.8.
- 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 Goldman Sachs has decided to maintain their Buy rating on Uber Technologies, which currently sits at a price target of $78.
- Reflecting concerns, an analyst from Nomura lowers its rating to Neutral with a new price target of $62.
- Reflecting concerns, an analyst from BMO Capital lowers its rating to Outperform with a new price target of $69.
- An analyst from Mizuho persists with their Buy rating on Uber Technologies, maintaining a target price of $77.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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