Buying UBER puts.
Shares of UBER are moving lower today as interest rates start to pick up. Higher rates make it more difficult for institutional investors to justify high-value tech stocks that do not yet generate profits. With a market cap north of $85 billion and negative earnings expected through 2022, UBER fits that category.
- Buy (to open) 20 UBER November 19th $50 Puts
- Limit $4.80 or less
- The new position will represent roughly 9.1% of our Spec Model capital
- 13:23 Executed
- Bot 20 UBER Nov 19th $50 Puts @ $4.80