May 14, 2025
Buy the Uber (UBER) December 90 Calls (exp. 12/19/2025) for $13 or less.
I’ve been watching UBER for seemingly too long as the stock was one of the first to emerge from the April market sell-off, and since then the stock has extended higher and higher and …
Now, with the stock at a new 52-week high the last couple days, option activity in the stock has been overwhelmingly bullish including these trades:
Yesterday - Buyer of 30,000 Uber (UBER) June 100 Calls for $1.25 – Stock at 90
Monday - Buyer of 1,000 Uber (UBER) November 105 Calls for $4.10 – Stock at 86
Monday - Buyer of 1,000 Uber (UBER) November 110 Calls for $3.15 – Stock at 86
Monday - Buyer of 1,500 Uber (UBER) August 115 Calls for $0.80 – Stock at 87.
These trades are a SMALL sample of the call buying in UBER as of late, and while we are chasing a hot stock that may be due to cool off, I’ve seen nothing in the option activity to point to any slowdown in the shares.
To execute this trade you need to:
Buy to Open the UBER December 90 Calls
The most you can lose on this trade is the premium paid, or $1,300 per call purchased.
The risks I see in this trade are pretty straightforward … essentially, the market and growth stocks have been on a big run, and they and UBER may be due to cool off.
And while there is risk in that scenario, option activity in UBER and virtually all leading growth stocks is red hot, and I am going to add more bullish exposure to the portfolio today via UBER December calls.
Position (Original) | UBER December 90 Call |
Position Strategy | Buy Call |
Opened Date | May 14, 2025 |
Expiration | December 19, 2025 |
Net Price | 12.31 |
| Strike | 90 |
