Deep-pocketed investors have adopted a bullish approach towards Uber Technologies ( 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 ( UBER ) usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 24 extraordinary options activities for Uber Technologies ( UBER ). This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 58% leaning bullish and 33% bearish. Among these notable options, 14 are puts, totaling $3,408,339, and 10 are calls, amounting to $1,291,119.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $47.5 to $100.0 for Uber Technologies ( UBER ) over the last 3 months.

Volume & Open Interest Trends

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 ( UBER ) 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 ( UBER ) whale activity within a strike price range from $47.5 to $100.0 in the last 30 days.

Uber Technologies Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About Uber Technologies

Uber Technologies ( UBER ) is a technology provider that matches riders with drivers, hungry people with restaurants and food couriers, and shippers with carriers. The firm's on-demand technology platform is currently utilized by traditional cars as well as autonomous vehicles, but could eventually be used for additional products and services, such as delivery via drones or electronic vehicle take-off and landing (eVTOL) technology. Uber ( UBER ) operates in over 70 countries, with over 171 million users who order rides or food at least once a month.

In light of the recent options history for Uber Technologies ( UBER ), it's now appropriate to focus on the company itself. We aim to explore its current performance.

Present Market Standing of Uber Technologies

Trading volume stands at 4,021,016, with UBER's ( UBER ) price up by 2.66%, positioned at $71.36.

RSI indicators show the stock to be may be approaching oversold.

Earnings announcement expected in 54 days.

What Analysts Are Saying About Uber Technologies

Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $85.67.

Unusual Options Activity Detected: Smart Money on the Move

Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.

* Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Uber Technologies ( UBER ) with a target price of $92.

* An analyst from KGI Securities has revised its rating downward to Neutral, adjusting the price target to $78.

* An analyst from Piper Sandler downgraded its action to Overweight with a price target of $87.

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 ( UBER ), Benzinga Pro gives you real-time options trades alerts.