Uber Technologies Unusual Options Activity For October 30

Uber Technologies,Inc. +0.20% Pre

Uber Technologies,Inc.





+0.36% Pre

A whale with a lot of money to spend has taken a noticeably bearish stance on Uber Technologies.

Looking at options history for Uber Technologies (NYSE:UBER) we detected 17 strange trades.

If we consider the specifics of each trade, it is accurate to state that 23% of the investors opened trades with bullish expectations and 76% with bearish.

From the overall spotted trades, 11 are puts, for a total amount of $2,670,584 and 6, calls, for a total amount of $322,990.

What's The Price Target?

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $65.0 for Uber Technologies over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $35.0 to $65.0 in the last 30 days.

Uber Technologies Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UBER PUT TRADE NEUTRAL 11/17/23 $42.50 $1.5M 12.2K 2.0K
UBER PUT SWEEP BULLISH 11/10/23 $42.00 $360.1K 997 36
UBER PUT SWEEP BEARISH 11/17/23 $42.50 $227.3K 12.2K 2.0K
UBER PUT TRADE BEARISH 01/19/24 $40.00 $136.2K 17.5K 483
UBER PUT SWEEP BEARISH 11/17/23 $42.50 $104.1K 12.2K 131

Where Is Uber Technologies Standing Right Now?

  • With a volume of 9,013,506, the price of UBER is up 2.13% at $42.11.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 8 days.

What The Experts Say On Uber Technologies:

  • Seaport Global downgraded its action to Buy with a price target of $51

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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