Spotlight on Uber Technologies: Analyzing the Surge in Options Activity

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 26 uncommon options trades for Uber Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 26% bullish and 53%, bearish.

Out of all of the special options we uncovered, 6 are puts, for a total amount of $614,883, and 20 are calls, for a total amount of $1,220,588.

Expected Price Movements

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $35.0 to $100.0 for Uber Technologies over the recent three 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 $35.0 to $100.0, over the past month.

Uber Technologies Option Volume And Open Interest Over Last 30 Days

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

Uber Technologies's Current Market Status

• Trading volume stands at 8,146,783, with UBER's price down by -1.3%, positioned at $69.94.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 46 days.

What The Experts Say On Uber Technologies

5 market experts have recently issued ratings for this stock, with a consensus target price of $84.2.

• Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Uber Technologies, targeting a price of $90.
• An analyst from Citigroup has decided to maintain their Buy rating on Uber Technologies, which currently sits at a price target of $96.
• An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $80.
• An analyst from JMP Securities has decided to maintain their Market Outperform rating on Uber Technologies, which currently sits at a price target of $75.
• In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $80.

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.