12d ago in General discussion
$UBER Interesting Trade Idea
Uber is getting close to the green Keltner Channels line which is already 4X the extreme at my settings.
Currently, the $55 puts for Jan 17th is 2ATR and 2 contracts yield you $146 income with $3,300 Buying power.
I don't mind owning 200 shares ($11,000) of UBER a month from now at the bottom of 4x Keltner channels and probably do covered calls against it if I get assigned.
It still needs to drop 2ATR by closing day and it was around $80 last month so I'm good with that risk/reward ratio.
Let me know what you think.
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$UBER Interesting Trade Idea
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