Analysis

Uber Technologies: Insights from the Options Market

Published December 24, 2024

Recently, major investors, often referred to as "whales," have shown a clear bullish sentiment towards Uber Technologies. Analysis of the options trading history for Uber reveals a total of 39 trades that were executed.

From these trades, about 48% of the investors took a bullish stance, while 41% chose a bearish approach. This shows a significant sense of optimism among a portion of investors.

A closer look at the specifics of these options trades indicates that there were 15 put options, amounting to around $2,424,923, and 24 call options, valued at approximately $1,899,803.

Predicted Price Range

Considering the volume and open interest of these contracts, it seems that significant investors are aiming for a price range between $32.50 and $100.00 for Uber Technologies over the last three months. This range reflects their expectations based on market trends and trading behavior.

Insights into Volume and Open Interest

Volume and open interest are important indicators in options trading. They provide insights into the liquidity and overall interest of investors in Uber's options at certain strike prices. The forthcoming data illustrate changes in both volume and open interest for calls and puts, specifically related to significant trades of Uber, spanning a strike price range from $32.50 to $100.00 over the last 30 days.

Uber Technologies Call and Put Volume: 30-Day Overview

Detailed statistics on Uber's options show varying activities in both calls and puts. Each option type reflects overall market sentiment and can indicate the expected movements in share prices.

Noteworthy Options Activity

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
UBER PUT TRADE NEUTRAL 06/20/25 $5.60 $5.50 $5.55 $60.00 $1.1M 9.5K 2.0K
UBER CALL SWEEP BEARISH 01/17/25 $29.65 $28.15 $28.53 $32.50 $567.8K 853 199
UBER PUT SWEEP BEARISH 02/21/25 $1.71 $1.69 $1.70 $55.00 $390.6K 17.1K 3.2K
UBER CALL TRADE BULLISH 01/17/25 $3.45 $3.15 $3.35 $60.00 $150.7K 12.9K 450
UBER PUT SWEEP BEARISH 12/19/25 $4.65 $4.55 $4.65 $52.50 $139.5K 738 301

About Uber Technologies

Uber Technologies provides a technology platform that connects riders with drivers, customers with restaurants, and businesses with delivery services. Their on-demand services could eventually extend to new solutions such as autonomous vehicles and drone deliveries. Based in San Francisco, Uber operates in over 63 countries and has more than 150 million users globally who utilize their services at least once a month.

Current Market Position of Uber Technologies

  • The stock is currently trading with a volume of 7,840,012 shares and is down by -0.23%, now priced at $61.73.
  • Relative strength index (RSI) readings indicate that the stock may be considered oversold at the moment.
  • An anticipated earnings release for Uber is scheduled in 43 days.

Expert Analysis on Uber Technologies

Recently, three industry analysts have shared their opinions on Uber stock, suggesting an average target price of $96.00 over time.

Emerging Options Activity: Strategic Moves from Market Leaders

Identification of unusual options activity might highlight potential market movements. For instance, experts from Cantor Fitzgerald have downgraded their recommendation to Overweight, with a target of $90. Meanwhile, Tigress Financial maintains a Buy rating, with a more optimistic target of $103. In contrast, JMP Securities has downgraded their view to Market Outperform, adjusting their target to $95.

While options trading carries more risk compared to direct stock trading, it also presents opportunities for higher returns. Experienced options traders typically manage this risk by staying informed, adjusting their positions thoughtfully, and monitoring multiple indicators closely.

For those interested in the latest developments in Uber’s options trades, real-time alerts can offer crucial insights.

investors, options, market, trading, analysis