If you haven`t bought UBER before this major breakout:
Now analyzing the options chain and the chart patterns of UBER Technologies prior to the earnings report this week, I would consider purchasing the 76usd strike price Puts with an expiration date of 2024-11-15, for a premium of approximately $2.75. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
UBER traded at $69.92 after earnings. The puts were profitable, but I wasn’t monitoring the options chain at that time.
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