Trade Ideas
UOA PRO Update UBER 8-6
6,500 18December 80 calls bought for 3.54 above open interest of 4,699 contracts; 6,500 18December 100 calls sold for 0.74 above open interest of 4,782 contracts. 2,500 18December 55 puts sold for 0.97 above open interest of 1,971 contracts. Stock 70.71.
Status Update
Ticker: UBER
Stock: 70.68
Expiration Date: 18DEC
New UOA: 6,500 18December 80 calls bought for 3.54 above open interest of 4,699 contracts; 6,500 18December 100 calls sold for 0.74 above open interest of 4,782 contracts. 2,500 18December 55 puts sold for 0.97 above open interest of 1,971 contracts. Stock 70.71.
UOA PRO New Trade Idea UBER 7-16
Ticker: UBER
Type: Bullish Call Buying
Stock: 75.09
New Trade Idea
Ticker: UBER
Stock: 75.09
Trigger: 75.77
Targets/Resistance: 80.06
Expiration Date: 31JUL
UOA: 3,200 14August 80 calls bought in mostly one order for 1.84-2.18 above open interest of 193 contracts. Stock 74.10-74.90.
UBER $75.04 Last.
Modestly sized mid-Aug. set OTM call buy. Another stock with UOA that’s been in decline for some time but is trying to change the technical to positive. Possible pre-EPS runner but that will likely be difficult IF the SMH remains heavy and threatening as it is helping to tear down the QQQs.
Trigger: $75.77, 150 SMA currently, will leave only the 200 to the north.
Strategy 1: Consider the UBER 31July 75.00 calls for $2.85 projected at trigger level today. Starter Kit due to liquidity and high IV.
Targets: 76.97, 78.75, 80.06 (200 SMA currently), 81.10, 82.42