Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Benzinga Insights

What Are Whales Doing With Uber Technologies

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 11 strange trades.

If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.

From the overall spotted trades, 6 are puts, for a total amount of $373,560 and 5, calls, for a total amount of $190,780.

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 $20.0 to $40.0 for Uber Technologies over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Uber Technologies options trades today is 8208.1 with a total volume of 4,840.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Uber Technologies's big money trades within a strike price range of $20.0 to $40.0 over the last 30 days.

Uber Technologies Option Volume And Open Interest Over Last 30 Days

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
UBER PUT SWEEP BEARISH 10/21/22 $25.00 $130.5K 4.8K 360
UBER PUT SWEEP BEARISH 07/29/22 $23.50 $88.6K 1.1K 1.2K
UBER CALL SWEEP BULLISH 09/16/22 $27.50 $64.4K 8.1K 869
UBER CALL SWEEP BEARISH 08/05/22 $27.00 $46.9K 542 540
UBER PUT SWEEP NEUTRAL 01/20/23 $40.00 $42.4K 39.0K 78

Where Is Uber Technologies Standing Right Now?

  • With a volume of 7,177,583, the price of UBER is up 0.77% at $23.48.
  • RSI indicators hint that the underlying stock may be approaching overbought.
  • Next earnings are expected to be released in 8 days.

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.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.