Whales with a lot of money to spend have taken a noticeably bullish stance on Uber Technologies.
Looking at options history for Uber Technologies UBER we detected 16 trades.
If we consider the specifics of each trade, it is accurate to state that 56% of the investors opened trades with bullish expectations and 43% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $547,873 and 8, calls, for a total amount of $1,074,105.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $90.0 for Uber Technologies over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $40.0 to $90.0 in the last 30 days.
Uber Technologies Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| UBER | CALL | TRADE | BEARISH | 04/19/24 | $35.4 | $35.05 | $35.1 | $40.00 | $526.5K | 5.4K | 0 |
| UBER | CALL | TRADE | NEUTRAL | 01/17/25 | $6.6 | $6.5 | $6.55 | $90.00 | $242.3K | 5.1K | 1.1K |
| UBER | CALL | SWEEP | BULLISH | 06/21/24 | $7.25 | $7.1 | $7.2 | $72.50 | $118.8K | 1.6K | 5 |
| UBER | PUT | SWEEP | BULLISH | 01/17/25 | $15.05 | $14.9 | $14.9 | $85.00 | $96.8K | 1.3K | 179 |
| UBER | PUT | SWEEP | BULLISH | 01/17/25 | $15.05 | $14.9 | $14.95 | $85.00 | $94.1K | 1.3K | 419 |
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
Uber Technologies's Current Market Status
- With a volume of 2,851,807, the price of UBER is up 0.55% at $74.76.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 19 days.
Expert Opinions on Uber Technologies
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $92.8.
- An analyst from Truist Securities persists with their Buy rating on Uber Technologies, maintaining a target price of $94.
- An analyst from JMP Securities downgraded its action to Market Outperform with a price target of $85.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $90.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Uber Technologies with a target price of $95.
- An analyst from Jefferies persists with their Buy rating on Uber Technologies, maintaining a target price of $100.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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