Bearish options flow identified in Uber (UBER), with shares down 90c near $86.84. Options volume roughly in line with average with 49k contracts traded and puts leading calls for a put/call ratio of 1.15, compared to a typical level near 0.41. Implied volatility (IV30) is higher by 1.8 points near 45.07,in the top quartile of the past year, suggesting an expected daily move of $2.47. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Uber (UBER) will report earnings before the open on 2025-08-06.Option markets are pricing in a 50% probability of a move greater than 7.01% or $6.09.
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