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Smart Money Is Betting Big In UBER Options

Benzinga ·  Jul 29 10:46

Investors with a lot of money to spend have taken a bullish stance onUber Technologies(NYSE:UBER).

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with UBER, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for Uber Technologies.

This isn't normal.

The...

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