Unpacking the Latest Options Trading Trends in Uber Technologies

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 10 uncommon options trades for Uber Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 30% bullish and 70%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $130,920, and 8 are calls, for a total amount of $365,061.

Predicted Price Range

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $100.0 for Uber Technologies during the past quarter.

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 $50.0 to $100.0, over the past month.

Uber Technologies 30-Day Option Volume & Interest Snapshot

Largest Options Trades Observed:

About Uber Technologies

After a thorough review of the options trading surrounding Uber Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Uber Technologies

  • Currently trading with a volume of 7,389,919, the UBER's price is down by -0.77%, now at $68.8.
  • RSI readings suggest the stock is currently may be oversold.
  • Anticipated earnings release is in 78 days.

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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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