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 positions 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.

Today, Benzinga's options scanner spotted 9 options trades for Uber Technologies.

This isn't normal.

The overall sentiment of these big-money traders is split between 33% bullish and 44%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $26,800, and 8, calls, for a total amount of $915,635.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $110.0 for Uber Technologies during the past quarter.

Volume & Open Interest Trends

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 $80.0 to $110.0, over the past month.

Uber Technologies Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About Uber Technologies

Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food couriers, and shippers with carriers. The firm's on-demand technology platform is currently utilized by traditional cars as well as autonomous vehicles, but could eventually be used for additional products and services, such as delivery via drones or electronic vehicle take-off and landing (eVTOL) technology. Uber operates in over 70 countries, with over 180 million users who order rides or food at least once a month.

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

• With a volume of 947,777, the price of UBER is up 0.65% at $83.1.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 12 days.

What Analysts Are Saying About Uber Technologies

In the last month, 5 experts released ratings on this stock with an average target price of $107.2.

• Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Uber Technologies with a target price of $105.
• An analyst from Cantor Fitzgerald has decided to maintain their Overweight rating on Uber Technologies, which currently sits at a price target of $99.
• An analyst from Wolfe Research has decided to maintain their Outperform rating on Uber Technologies, which currently sits at a price target of $110.
• An analyst from Wells Fargo persists with their Overweight rating on Uber Technologies, maintaining a target price of $122.
• An analyst from BTIG has revised its rating downward to Buy, adjusting the price target to $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.