Investors in Uber Technologies Inc (NASDAQ: UBER) can now engage in new options trading set to expire in December 2028. A notable put contract available has a strike price of $70.00, currently offering a bid of $13.75, allowing sellers to potentially lower their effective purchase price to $56.25 per share. This represents a roughly 1% discount to UBER’s current trading price of $70.95. Analysts estimate about a 70% chance that this put contract could expire worthless, possibly yielding a 19.64% return on the cash commitment, or 7.24% annualized.
On the call side, a $100.00 strike price call contract is on offer with a bid of $12.95. If exercised, it could yield a total return of 59.20% for investors willing to sell their shares if UBER’s stock reaches this price by expiration. The $100.00 strike is approximately 41% above the current trading price, and analysts predict a 49% chance that this call will also expire worthless. Should it expire without being exercised, it would result in an 18.25% additional return, or 6.73% annualized.
Current implied volatility for both the put and call contracts is around 44%, while the actual trailing twelve-month volatility stands at 36%.
