UBER TECHNOLOGIES: Tech or Taxi (+59%)
Either way, it's a party!
Uber trends, and we are out.
We close the trade, leaving the rest to the whizzes.
1. Recap Situation
We were recreating off the Red Sea shores while dreaming of black market dollars at a thirty per cent premium and contra-indicators that might become real signals.
We also analyzed Uber and weren't sure if they had a tech or taxi theme going on in San Fran. Either way, today's results will give them a reason to revel.
Our expected value on equity for another episode of fun and frolic was 26%; we turned it into an actual return on equity of 59% in four weeks.
Check out the original BrainDozer article below.
2. Why Now
The probability of Uber bumping its head at 37 or 38 is relatively high. Moreover, we might only get another 20-30% out of our put-credit spread, a residual reward disproportionate to the risk of losing the return we have already made. Hence, we close the trade.
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