Uber Technologies Options Trading: A Deep Dive into Market Sentiment - Uber Technologies (NYSE:UBER)

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 13 trades.

If we consider the specifics of each trade, it is accurate to state that 46% of the investors opened trades with bullish expectations and 53% with bearish.

From the overall spotted trades, 4 are puts, for a total amount of $126,605 and 9, calls, for a total amount of $433,410.

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 $57.5 to $100.0 for Uber Technologies over the last 3 months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Uber Technologies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Uber Technologies's substantial trades, within a strike price spectrum from $57.5 to $100.0 over the preceding 30 days.

Uber Technologies Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

Symbol	PUT/CALL	Trade Type	Sentiment	Exp. Date	Strike Price	Total Trade Price	Open Interest	Volume
UBER	CALL	SWEEP	BULLISH	04/19/24	$75.00	$104.9K	6.1K	354
UBER	CALL	SWEEP	BEARISH	06/21/24	$85.00	$72.7K	4.9K	366
UBER	CALL	TRADE	BEARISH	05/17/24	$80.00	$60.4K	2.6K	136
UBER	CALL	SWEEP	BULLISH	06/20/25	$100.00	$44.5K	498	50
UBER	CALL	TRADE	BEARISH	03/15/24	$57.50	$35.4K	2.2K	16

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. Approximately 56% of its gross revenue comes from ridesharing and 31% from food delivery.

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

Current Position of Uber Technologies

Currently trading with a volume of 3,433,024, the UBER's price is up by 0.37%, now at $78.65.
RSI readings suggest the stock is currently may be overbought.
Anticipated earnings release is in 63 days.

What The Experts Say On Uber Technologies

In the last month, 5 experts released ratings on this stock with an average target price of $89.6.

In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $90.
An analyst from UBS persists with their Buy rating on Uber Technologies, maintaining a target price of $96.
An analyst from Barclays persists with their Overweight rating on Uber Technologies, maintaining a target price of $86.
Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on Uber Technologies with a target price of $85.
Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Uber Technologies, targeting a price of $91.

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.

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