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Option traders moderately bearish in Uber with shares down 0.62%

Option traders moderately bearish in Uber (UBER), with shares down 52c near $83.74. Options volume relatively light with 35k contracts traded and calls leading puts for a put/call ratio of 0.65, compared to a typical level near 0.63. Implied volatility (IV30) is higher by 0.3 points near 42.1,and above the 52wk median, suggesting an expected daily move of $2.22. Put-call skew steepened, indicating increased demand for downside protection.Looking ahead: Uber (UBER) will report earnings before the open on 2026-02-04.Option markets are pricing in a 50% probability of a move greater than 6.84% or $5.73.

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