In this post, which might end up the longest post here, we are going to point out some of the trading ideas that seems interesting. In the process we might point out some earlier post related to these ideas.
This coming week, 11/4 UBER (http://invest.ammarica.net/2019/06/01/uber-the-next-move/) lock up period ends on 11/6 (Wed.). So it might see some major drop in the price. The chart seems to hold or a little bit on the down side. As of 11/4, UBER is sitting on almost $12B cash. The have $6B worth of debt. The company is valued at almost $45B. That money is backed by $6B (that is about 11% capitalization). Mind you that the company is still burning $3 a year. What about filing from officers, none for UBER (http://openinsider.com/UBER).
LK, Lukin Coffee Inc. lock up period ends on 11/18. No sale of insiders (http://openinsider.com/LK).
CHWY, Chewy 12/11. Also up. Chewy has seem some serious activities (http://openinsider.com/chwy). These were mostly purchases though.
UBER, last week lost about 6 dollars over the last few days, week ending 11//8/2019. There was multiple reasons.
Monday 11/4/2019 UBER “beats” earning expectation.
https://www.cnbc.com/2019/11/04/uber-uber-q3-2019-earnings.html
Wed 11/6 CEO said they will make money in 2021.
https://www.bizjournals.com/sanfrancisco/news/2019/11/04/heres-when-ubers-ceo-says-the-company-will-make.html
Check my article about UBER
http://invest.ammarica.net/2019/06/01/uber-the-next-move/
Buying an option on the earnings would not have made money. A $1 off the spot price was about $2 up and down. A strangle would have cost close to $5 and there was bout $2 (up and down) for one of these options to make money. I guess the “cost” of the options had reflected the volatility of the stock.