Market Whales and Their Recent Bets on UBER Options

Author: Benzinga Insights | August 28, 2024 01:01pm

Financial giants have made a conspicuous bullish move on Uber Technologies. Our analysis of options history for Uber Technologies (NYSE:UBER) revealed 28 unusual trades.

Delving into the details, we found 53% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $1,315,174, and 20 were calls, valued at $3,928,523.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $90.0 for Uber Technologies, spanning the last three months.

Volume & Open Interest Trends

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 $45.0 to $90.0 over the preceding 30 days.

Uber Technologies Call and Put Volume: 30-Day Overview

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	12/19/25	$28.1	$26.95	$27.0	$50.00	$1.1M	1.5K	1.0K
UBER	CALL	TRADE	BULLISH	12/19/25	$27.5	$25.5	$27.5	$50.00	$1.1M	1.5K	410
UBER	PUT	SWEEP	BULLISH	02/21/25	$19.05	$18.95	$18.95	$90.00	$557.1K	1	295
UBER	CALL	SWEEP	BEARISH	03/21/25	$14.25	$14.15	$14.15	$62.50	$288.6K	230	240
UBER	CALL	TRADE	BULLISH	10/18/24	$0.96	$0.92	$0.95	$80.00	$285.0K	3.9K	3.0K

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.

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 3,846,759, the UBER's price is down by -1.12%, now at $71.75.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 69 days.

What The Experts Say On 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 $87.0.

• An analyst from Citigroup has decided to maintain their Buy rating on Uber Technologies, which currently sits at a price target of $98.
• Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Uber Technologies with a target price of $88.
• An analyst from BMO Capital downgraded its action to Outperform with a price target of $92.
• Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $75.
• An analyst from DA Davidson has decided to maintain their Buy rating on Uber Technologies, which currently sits at a price target of $82.

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.

Posted In: UBER