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 15 trades.
If we consider the specifics of each trade, it is accurate to state that 20% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $105,307 and 12, calls, for a total amount of $834,353.
Projected Price Targets
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $70.0 and $87.5 for Uber Technologies, spanning the last three months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Uber Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Uber Technologies's whale trades within a strike price range from $70.0 to $87.5 in 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 | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UBER | CALL | SWEEP | BEARISH | 10/18/24 | $2.55 | $2.51 | $2.52 | $77.00 | $149.4K | 4.5K | 483 |
| UBER | CALL | SWEEP | BEARISH | 10/25/24 | $3.05 | $2.98 | $2.98 | $77.00 | $89.4K | 8.7K | 1.5K |
| UBER | CALL | TRADE | BEARISH | 10/18/24 | $2.21 | $2.17 | $2.17 | $77.50 | $86.8K | 26.9K | 728 |
| UBER | CALL | SWEEP | BULLISH | 10/25/24 | $2.66 | $2.65 | $2.65 | $77.00 | $80.1K | 8.7K | 336 |
| UBER | CALL | TRADE | NEUTRAL | 10/11/24 | $0.78 | $0.74 | $0.76 | $80.00 | $76.0K | 29.2K | 1.1K |
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
- With a trading volume of 3,799,001, the price of UBER is up by 1.13%, reaching $77.03.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 22 days from now.
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 $92.4.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $90. * Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Uber Technologies, targeting a price of $95. * Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $90. * An analyst from Raymond James has revised its rating downward to Strong Buy, adjusting the price target to $90. * An analyst from Wells Fargo has decided to maintain their Overweight rating on Uber Technologies, which currently sits at a price target of $97.
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.
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