$UBER 1D Uber has 39.1 Million in the flows. EW points towards the upside as well. im looking into contracts at the end of March or April. Calls above 63.96. Set your alerts son you dont miss out and wait for confirmation. GL
Uber
THE WEEK AHEAD: TWTR, TEVA, UA, UBER, ZNGA EARNINGS; MJ, SLVA little late to the game this week, but don't think I missed much.
EARNINGS ANNOUNCEMENTS IN UNDERLYINGS WITH HIGHLY LIQUID OPTIONS:
TWTR (53/84),* announcing Tuesday after market close.
TEVA (16/63), announcing Wednesday before market open.
UA (42/68), announcing Wednesday before market open.
UBER (11/59), announcing Wednesday after market close.
ZNGA (11/63), announcing Wednesday after market close.
Pictured here is a plain Jane 16-delta short put in TWTR in the March monthly, paying 1.48 at the mid price as of today's close with a 46.52 break even/cost basis if assigned, 3.18% ROC at max as a function of notional risk. If you're of a nondirectional bent, consider the March 19th 49/70 short strangle paying 3.00 or the 44/49/70/75 iron condor, paying 1.30.
Due to the obvious skew here, I'd also consider a double double, but it would require going ten wide on the call side due to only 5 wides being available on the call side in March at the deltas I'd want to camp out, so it's less than ideal: 2 x 42/2 x 47/70/80, paying 2.42, delta/theta 1.41/4.55.
EXCHANGE-TRADED FUNDS RANKED BY 30-DAY IMPLIED VOLATILITY:
MJ (74/89)
SLV (34/50)
ICLN (7/45)
JETS (7/43)
XRT (21/41)
EWZ (14/40)
XLE (18/38)
GDX (12/38)
BROAD MARKET RANKED BY 30-DAY IMPLIED VOLATILITY:
IWM (24/31)
QQQ (14/26)
SPY (10/21)
DIA (7/19)
EFA (13/18)
* -- The first metric is where 30-day lies relative to where it's been over the past 52 weeks; the second, 30-day implied.
$UBER 1h ER run up reversal signalCurrently holding UBER 65C 3/19 ER is 2/10 Elliot wave up and inverse H&S. A Break above 52.86 is what im playing.
LONG $UBER long term $150 target,
Uber is very promising company with little competition
they could also expend in type transportation systems
HyreCar provides cars to drivers for Ride SharingBackground
Have you ever gotten into an Uber and wondered how this driver afforded such a sick ride? Lots of times they are driving as a second job or in retirement. But other times its because of rental companies that will rent their fleets of cars to drivers rather than have them sit idle on a lot.
HyreCar has created the gig-economy service to service the gig-economy services by connecting car owners with ride sharing drivers.
Fundamentals
Founded in 2014 and listed in 2018
Offers owners a way to earn passive income from unused vehicles
Provides drivers a vehicle for earning money with ride-sharing services
Competitive advantage is the included insurance and automated platform for connecting driver to owner
Last three quarters revenue YoY of +65%, +47%, +84%
Last three quarters EPS of -0.25, -0.22, -0.10
Used a Paycheck Protection Plan Loan in April during COVID impact on business. The $2m PPP loan is likely to be forgiven.
Technicals
140% gain since the beginning of November
Currently extended 45% above the 50d MA
High, tight flag forming. Over 100% gain in less then 8 weeks with only 10-25% correction.
ATR is too high for entry. 10d ATR (x2.7) would require a 27% stop and very small position of R3.69
Summary
HyreCar has an interesting business model and is finding growth by moving from individual car owners to companies that have fleets of vehicles not being used. They weathered a tough situation with the COVID pandemic in early 2020 that brought ride sharing demand to a low. Now that we are getting clear of the pandemic, business is starting to pick back up. The large PPP loan incurred to keep paying employees will likely be forgiven as offered by the government for businesses that used it to pay employees.
This is a good one to put on the watch list and potentially buy when it breaks out of the high, tight flag. Or wait for a little more growth in the company and enter in the future.
Google Pay to start doing GDOT bank accounts in their platformGDOT Green Dot is famous for their proprietary banking products like prepaid debit cards. If you've ever checked out in the Walmart and you see the little rack of prepaid money cards at the cash register, those are all Green Dot products.
Other side of their business is called banking as a service, or BaaS.
Apple Pay Cash is a Green Dot-powered product, Apple Pay's person-to-person transfer service. That's a Green Dot product.
Uber uses Green Dot's infrastructure to instantly pay their drivers for rides. If you pay for an Uber drive, that money will instantly show up in the driver's account, and that's a Green Dot product.
Google Pay just announced they're going to start doing Green Dot bank accounts through their platform. (fool.com)
If you are interested to test some amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Every Decade you get one.While everyone is chasing the "next thing" or focussing on short squeezes and pump and dumps... Quietly BNGO has emerged from the depths of penny land. While analysts will attempt to scare you out of this stock by touting a 1000%+ run, and touting it as a penny stock similar to ZOM, a look a little closer reveals the company is just retouching its IPO price from two years ago. This is far from a P&D or a GME Short Squeeze hype play (I am all for the GME play, F' Citron) instead this is a new monetization play with some of the smartest Scientists on earth backing it. Stop and think for a second... Why am I chasing a crowded EV play, its TSLA or nothing, why am I chasing a mature e-commerce play like ETSY or Amazon, why am I chasing a MJ play in a foggy market, why am I chasing a mature fin-tech play, why am I chasing a SPAC above $12. If you are looking for true growth you must search for a market that has yet to be monetized. For the next decade the monetization of the human genome will be the largest growth play on earth. I think we have a winner. It's time to yell BINGO! Sale your car, house, child, sale your body, kidney almost anything you can to buy more shares of this. The moon is imminent. ST PT $25 by March 2021. LT PT $415 by March 2023. FANG will go BANG!
$UBER Shorts?We could see bay tumble to $50 from its All time high of $60.03 before picking up orders at $49.78 around the time of earnings for a bull rally back to the A.T.H’s. will keep this updated in the comments.
Leave some comments below of your opinions and don’t forget to leave a thumbs up if you find this post helpful!
Ehang - The Sky is The Limit - EHWe've been following Ehang since before its IPO. Back in 2016 it became the world's first AAV capable of carrying passengers. Still a long way to go, but on May 27, 2020, EHang obtained the world's first commercial pilot operation approval from the Civil Aviation Administration of China (“CAAC”) to use its EHang 216 passenger-grade AAVs for air logistics purpose. The EHang 216 received a special flight operations certificate (SFOC) from Transport Canada Civil Aviation (TCCA) for test flights in Québec, Canada. One of the things we love about this company is one of its founders Huazhi Hu who has the obsessive passion/determination in his company.
TA:
We're really planning for a long term hold here so not much TA to it. We bought around $10.98 and planning on holding long term. Currently up +240% return. Overbought signals at the moment and could see a pull back soon as we try and find support but we're still sitting at a relatively small market cap of $2 billion.
Shoot us a like and follow and we'll be back with some updates.
Cheers!
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Uber Uber Found Its Oil In Business In The Second Half Of 2020
Back in the first quarter of the year, Uber suffered a loss of $2.94 billion. Then, it became known that they bought a food delivery service. By the end of the summer, Uber Eats had become the company's largest service, revenue in the second quarter more than doubled. Uber also won a license dispute in London in September.
Technically, the UBER share price is moving in an upward channel. We have recently touched the upper boundary of the channel. Most likely the price will go to the support zone in the near future.
Best regards EXCAVO
UBER short term bullish continuation trade idea$UBER has been on a parabolic move ever since it broke out from the 30 range earlier this year. The stock is currently consolidating in the 50s for a few weeks now and looks like it is gearing to start the next impulse wave and push higher to 59-60s. We entered weekly call options last Friday so not looking to capture the entire 12% implied move to 60 next week but will definitely am considering adding some long contracts once we break above 56. The above trade ideas are my own. Please do your own research before investing.
Blend Investing - When to Add New Stocks & ETFsIn this Tutorial I discuss WFH (Work From Home ETF) and the UBER Stock. These have been recently added to my Blend investing portfolio. BUT I didn't get in them when they were first listed!
Instead I discuss, in this video tutorial, how to watch the behaviour and use technical trading knowledge and indicators to add them to your investing portfolio at the right time.
UBER Technologies Trade Update (Long term stock) UBER current breakout pattern is targeting wave (3) upside that may reach 59-64. Our Leaps has gone deep ITM, looking to scale out partial profits into 59-63.
Uber: I hope you grabbed some butterVery bearish outlook on Uber based on Wyckoff, Stochastic, and MACD. If valid, expect Uber to revisit prices under $30.
Sell Signal: 48.43 or higher #stocks Ingenuity Trading Model-
Geometric Markov Model : In probability theory, a Markov model is a stochastic model used to predict randomly changing systems. Markov Models are used in all aspects of life from Google search to daily weather forecast. The randomly changing systems we focus on are the equity, futures, and forex markets. The geometric element of the model is the fractal wave structure you can find on any chart you look at across any market and across all time dimensions.
Our model focuses on the current wave formation (current state)- geometric price formation along with its volume and volatility over a given time period and using that information to predict the future state- future price movement.
Uber: A bearish winterVery bearish signals: bearish divergence on Momentum, Stochastic, and MACD; MACD below signal line; and possible resistance at 10 DMA.
