If you haven`t sold UBER here: or bought the dip here:
Then analyzing the options chain and the chart patterns of UBER Technologies prior to the earnings report this week, I would consider purchasing the 50usd strike price Calls with an expiration date of 2023-12-15, for a premium of approximately $1.84. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
Trade closed: target reached
UBER traded at $55.31 after earnings, and the Calls went up from $1.84 (when I wrote this article) to $5.45 at the close today (even higher intraday), for an impressive 2.95X gain! Congrats to those who bought the calls!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.