Check Out What Whales Are Doing With UBER

Uber Technologies,Inc. +1.04%

Uber Technologies,Inc.

UBER

64.26

+1.04%

Deep-pocketed investors have adopted a bearish approach towards Uber Technologies (NYSE:UBER), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in UBER usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 37 extraordinary options activities for Uber Technologies. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 48% leaning bullish and 51% bearish. Among these notable options, 8 are puts, totaling $603,965, and 29 are calls, amounting to $1,952,479.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $42.5 to $90.0 for Uber Technologies over the recent three months.

Analyzing Volume & Open Interest

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 $42.5 to $90.0 in the last 30 days.

Uber Technologies Option Activity Analysis: Last 30 Days

Options Call Chart

Significant Options Trades Detected:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UBER CALL SWEEP BEARISH 01/17/25 $75.00 $530.2K 1.8K 650
UBER PUT TRADE BEARISH 02/16/24 $62.00 $304.2K 286 2.6K
UBER CALL SWEEP BEARISH 03/15/24 $65.00 $136.2K 10.7K 263
UBER CALL SWEEP BEARISH 01/17/25 $67.50 $115.0K 784 156
UBER CALL SWEEP BEARISH 01/17/25 $80.00 $108.5K 2.9K 166

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 131 million users that order rides or food at least once a month. Approximately 44% of its gross revenue comes from ridesharing and 34% from food delivery.

Following our analysis of the options activities associated with Uber Technologies, we pivot to a closer look at the company's own performance.

Where Is Uber Technologies Standing Right Now?

  • With a trading volume of 10,556,934, the price of UBER is down by -0.64%, reaching $66.55.
  • Current RSI values indicate that the stock is may be overbought.
  • Next earnings report is scheduled for 8 days from now.

What Analysts Are Saying About Uber Technologies

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $69.6.

  • Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Uber Technologies, targeting a price of $77.
  • In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $63.
  • Maintaining their stance, an analyst from Needham continues to hold a Buy rating for Uber Technologies, targeting a price of $71.
  • An analyst from Truist Securities persists with their Buy rating on Uber Technologies, maintaining a target price of $68.
  • An analyst from BMO Capital has revised its rating downward to Outperform, adjusting the price target to $69.

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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