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 chiuso: obiettivo raggiunto
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!
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