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Barchart
Barchart
Mark R. Hake, CFA

Unusually Heavy Options Trading in UBER Ahead of Earnings - Are Investors Bullish on UBER?

Uber FCF OTM Uber Technologies Barchart TTM NTM

Uber Technologies (UBER) is showing unusually large options volume ahead of its earnings release on Nov. 4 (pre-market). Out-of-the-money (OTM) UBER puts expiring in three weeks and OTM calls expiring in more than a year have traded.

UBER is at $68.17 in midday trading. That's well off its recent peak of $80.35 on Aug. 25, but very near a recent low of $67.88 on Oct. 1. This is a typical drop ahead of earnings, as the Barchart chart below shows.

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