A Closer Look at Uber Technologies's Options Market Dynamics

Investors with a lot of money to spend have taken a bearish stance on Uber Technologies UBER.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UBER, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 19 uncommon options trades for Uber Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 47% bullish and 52%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $274,824, and 13 are calls, for a total amount of $730,458.

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 $30.0 to $95.0 for Uber Technologies over the last 3 months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Uber Technologies's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Uber Technologies's significant trades, within a strike price range of $30.0 to $95.0, over the past month.

Uber Technologies Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

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 150 million users who order rides or food at least once a month.

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

Present Market Standing of Uber Technologies

• Trading volume stands at 2,916,538, with UBER's price down by -0.22%, positioned at $78.15.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 48 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 $91.8.

• An analyst from JP Morgan has decided to maintain their Overweight rating on Uber Technologies, which currently sits at a price target of $95.
• Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Uber Technologies, targeting a price of $92.
• In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $85.
• Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Uber Technologies with a target price of $91.
• An analyst from UBS persists with their Buy rating on Uber Technologies, maintaining a target price of $96.

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.