Investors with a lot of money to spend have taken a bullish stance on Uber Technologies (NYSE:UBER).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with UBER, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 9 uncommon options trades for Uber Technologies.
This isn’t normal.
The overall sentiment of these big-money traders is split between 77% bullish and 22%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $181,852, and 6 are calls, for a total amount of $1,329,364.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $75.0 to $97.5 for Uber Technologies over the recent three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Uber Technologies options trades today is 2964.25 with a total volume of 4,269.00.
In …
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