Sell Cash Secured Puts on Uber Technologies (UBER)

19 days ago

Mark Rousen

"And that leads us to stock number three, which is going to be Uber Technologies. I already own shares of Uber, but I would love to add more. So, I'm going to utilize an option strategy. We're going to sell a cash secured put to generate some income, and I like the $85 level and would love to buy more of Uber if it fell that low. By selling the $85 put with an expiration of around November 21st, I will collect $111 per contract."

The speaker expresses a bullish view on Uber (UBER) and outlines a trade using an options strategy. He plans to sell cash-secured puts at an $85 strike price to generate income and potentially increase his position if the stock drops.

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