Maximize Gains with Options for $UBER: Option Chain Outlook

By TanukiTrade
The UBER stock price had been in an uptrend until it reached around the $75 level, after which it entered a correction phase. The price is currently near a long-term upward trendline, which could act as strong support.

Volatility: The IVRank (Implied Volatility Rank) is 107.5, indicating that the current volatility is high compared to the values observed over the past year. The IVx value is 73.6, also indicating high volatility.

IVx 5-day Change: +7.8%, showing a significant increase in volatility over the past 5 days. This is common in the period leading up to earnings as investors prepare for the announcement.

Price Skew: The 27.3% skew indicates that call options are more in demand, which could suggest that investors are expecting a bullish movement post-earnings. A solid skew suggests higher demand for call options, indicating a potential bullish sentiment among investors.

IVx (46 DTE): 73.6, indicating high volatility expected over the next 46 days. Volatility is likely to remain high around the earnings report, which is favorable for selling option premiums.

Exp.mV (46 DTE): The expected move over the next 46 days is $7.6, indicating that investors are pricing significant price movement after the earnings report.

Comment
The slightly high vertical call pricing skew was also enough before earnings to push the price above the probability curve.
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Chart PatternsearningsanalysisearningsplayearningsreportearningsseasonearningstrategyGannTrend Analysis
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