🎯 $Uber Technologies Inc.(UBER) Options Strategy: Bull Call Spread
$Uber(UBER)$
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Underlying: UBER
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View: Cautiously Bullish. Expecting a move towards $80, with strong support at $74.66.
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Strategy Type: Debit Spread / Directional Bullish
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Option Contract Portfolio:
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Buy 1 UBER May 15, 2026 $77.00 Call @ $1.10 (ask)
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Sell 1 UBER May 15, 2026 $80.00 Call @ $0.29 (bid)
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Max Gain & Loss: Max Gain = $2.00 ($3.00 spread width - $0.81 debit). Max Loss = $0.81 (net debit paid).
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Initial Cost/Credit: Debit of ~$0.81 per spread.
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Greek Exposure (Simulated):
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Delta: ~+0.15 (Moderate positive directional exposure)
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Theta: ~-0.01 (Slight daily time decay cost, minimized by short call)
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Vega: ~+0.01 (Slight positive exposure to volatility increase)
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Gamma: ~+0.02
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Rho: ~+0.01
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Rationale: This strategy aligns with the cautiously bullish view, targeting a move to $80. It offers a favorable risk/reward profile by capping the maximum loss at the net debit. The short $80 call (near resistance) reduces the cost of the long call, improving the break-even point to $77.81. It balances Delta (capturing upside) while minimizing Theta decay and Vega risk, which is prudent given the elevated IV Percentile of 90.84%.
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Time Frame: Short-Term (Expires May 15, 2026).
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