Core Insights - Financial giants are showing a bullish sentiment towards Uber Technologies, with 53% of traders being bullish and 30% bearish in recent options trading [1] - Significant investors are targeting a price range for Uber Technologies between $42.5 and $100.0 over the last three months [2] - The average open interest for Uber options trades is 3,479.46, with a total volume of 832.00 [3] Options Activity - Recent options trades include 10 calls valued at $634,535 and 3 puts valued at $99,453, indicating a preference for bullish positions [1] - Notable trades include a bullish call option with a strike price of $100.00 and a total trade value of $308,000, and a bearish put option with a strike price of $80.00 valued at $45,100 [6] Company Overview - Uber Technologies operates a technology platform that connects riders with drivers, food couriers with restaurants, and shippers with carriers, and is expanding into autonomous vehicles and drone delivery [7] - The company serves over 180 million users across more than 70 countries, with a focus on on-demand services [7] Current Market Position - Analysts have set an average target price of $94.0 for Uber Technologies, with one analyst maintaining an overweight rating and another a neutral rating with target prices of $110 and $78 respectively [9][11] - The current stock price of Uber is $82.31, reflecting a 0.73% increase, with upcoming earnings expected in 33 days [10]
Unpacking the Latest Options Trading Trends in Uber Technologies - Uber Technologies (NYSE:UBER)