Trade of the Week: Uber

Trade of the Week

An intriguing 3-legged options trade occurred in ride-sharing giant, Uber (UBER) last week. This strategy, known as a put spread collar, traded 24,000 times and has an August expiration. The purpose of this trade is generally to protect the downside for those that own the stock. With a put spread collar, the downside loss is limited by purchasing a put spread, while the entire cost of the trade is lowered by selling a higher strike call.

We’re Putting a Financial Advisor in Your Pocket

The news is full of AI that can write short stories, engage in conversation, even generate pictures. But none of it is really helping investors like you.

That’s why we’ve been working tirelessly on the #1 finance AI tool to ensure you can find better investments, faster, with less work. Just ask this AI about the kinds of stocks you want, and it’ll do the research for you in seconds.

While other AI tools cost up to $500+/month, today you can access what we’ve developed for FREE for 30 days by clicking here.