Option traders moderately bearish in Uber (UBER), with shares down 88c near $95.73. Options volume roughly in line with average with 90k contracts traded and calls leading puts for a put/call ratio of 0.46, compared to a typical level near 0.55. Implied volatility (IV30) is higher by 0.8 points near 39.1,and above the 52wk median, suggesting an expected daily move of $2.36. Put-call skew steepened, indicating increased demand for downside protection.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UBER:
- Uber removed from US Conviction List at Goldman Sachs
- Why BTIG Believes Instacart Stock (CART) May Be in Trouble
- CoreWeave initiated, Instacart downgraded: Wall Street’s top analyst calls
- Serve Robotics launches service in Chicago metro area
- Cars.com named content partner for Uber Advertising’s ‘JourneyTV Presents’