Behind the Scenes of Uber Technologies's Latest Options Trends

Investors with a lot of money to spend have taken a bullish 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 68 uncommon options trades for Uber Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 36%, bearish.

Out of all of the special options we uncovered, 19 are puts, for a total amount of $1,127,922, and 49 are calls, for a total amount of $4,538,049.

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 $37.5 and $100.0 for Uber Technologies, spanning the last 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 $37.5 to $100.0, over the past month.

Uber Technologies 30-Day Option Volume & Interest Snapshot

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.

Following our analysis of the options activities associated with Uber Technologies, we pivot to a closer look at the company's own performance.

Present Market Standing of Uber Technologies

• Trading volume stands at 31,989,861, with UBER's price up by 1.36%, positioned at $62.01.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 55 days.

Professional Analyst Ratings for Uber Technologies

In the last month, 2 experts released ratings on this stock with an average target price of $99.0.

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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. * Consistent in their evaluation, an analyst from Tigress Financial keeps a Buy rating on Uber Technologies with a target price of $103. * An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $95.

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.