Uber Stock Sees Slight Dip Amidst Big Investor Options Bets
UBER Stock's Recent Movement
UBER Technologies (NYSE:UBER) recently saw its stock price decline by -0.19%, settling at $71.95. This slight dip comes as large investors, often called "whales" in the market, have been making notable moves in the options market for the ride-sharing giant.
Whales Place Their Bets
Market data reveals that a total of 10 unusual options trades have been identified for UBER. Interestingly, more of these significant bets were on the bullish side, with 6 trades indicating a positive outlook compared to 4 bearish trades. These "whale" activities represent a substantial amount of money, with the total notional value of these specific trades reaching $1,154,674.
What This Means for Investors
These large options trades involved both call and put options, suggesting investors are betting on both potential rises and falls, though with a slight lean towards the upside. The strike prices for these options ranged from $60 to $80, indicating a wide range of price targets for future movements. While UBER's stock saw a small decline, the activity from these major players highlights their ongoing interest and varied expectations for the company's stock performance.
