Investors with a lot of money to spend have taken a bearish stance on Uber Technologies (NYSE: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

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.

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.