Selling our UBER put contracts.
Shares of UBER surged higher after last night’s positive earnings report. The good news is that our strategy to buy in-the-money puts helped to buffer our losses when this trade moved against us. The puts still have a good bit of intrinsic value even though UBER is close to our $46 strike price. Closing this position to manage risk and free up capital for new plays.
- Selling (to close) the UBER November 19th $46 Puts
- Limit $2.35 or more
- 12:25 Executed: Sold UBER Nov 19th $46 Puts @ $2.43