UBER TECHNOLOGIES: Tech or Taxi (+59%)

Either way, it's a party!

Executive Summary

• 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 percent 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.

UBER TECHNOLOGIES: Tech or Taxi

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.