UBER Technologies Options Ahead of Earnings

By TopgOptions
Updated
If you haven`t sold UBER here:
UBER Bearish! Best BUY-SELL indicators! ASK FOR A FREE TRIAL

or bought the dip here:
UBER Uber Technologies Options Ahead of Earnings


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!
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