Trade Alert - (UBER) May 2, 2025 - STOP LOSS

When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.

Tech Alert - Uber Technologies, Inc. (UBER) – SELL STOP LOSS

SELL STOP LOSS Technologies, Inc. (UBER) May 2025 $82-$87 in-the-money vertical BEAR PUT spread at $3.00

Closing Trade

5-2-2024

expiration date: May 16, 2025

Portfolio weighting: 10%

Number of Contracts = 23 contracts

Uber stock has gone parabolic in the past few days, hitting a short-term low of $63 per share and skyrocketing to $83. The bear market rally has been ferocious, and not even a deep in-the-money position has done us any good. We are cutting our losses here before earnings come up.

Here are the specific trades you need to exit this position:

Sell to Close 23 May 2025 (UBER) $87 puts at………….$6.00

Buy to Close 23 May 2025 (UBER) $82 puts at………….$3.00

Net Proceeds:……………………..…….………..……..............$3.00

Loss: $4.20 - $3 = $1.20

(23 X 100 X $1.20) = $2,760 or 28.57%

If you are uncertain about how to execute a bear put options spread, please watch my training video by clicking here.

The best execution can be had by placing your bid for the entire spread in the middle market and waiting for the market to come to you. The difference between the bid and the offer on these deep-in-the-money spread trades can be enormous.

Don’t execute the legs individually or you will end up losing much of your profit. Spread pricing can be very volatile on expiration months farther out.

Keep in mind that these are ballpark prices at best. After the alerts go out, prices can be all over the map.

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