Uber is down about 30% while the business got better.
It trades at around 13x forward cash flow, which I consider cheap for a company like this.
On top of that, they just got Spain's first national Level 4 robotaxi permit.
Cybercab is already running roughly half the price of Uber, have you seen peoples screenshots online?
I bet on people being lazy, therefore this trade idea, in America people don't even walk when compared to Europe where I'm from. I mean, that's the way its built.
Now, cybercab is a competitor but also a proof of concept, I think theres enough bread for all of them.
Below are two candidates which I'm debating, both June 17, 2027:
* $50 call, deeper in the money, less time value where I sell the $77 against it.
* $62.50 call, cheaper, more leverage, $80 call against it.
Either one is under 1% of my account. Plan is the same for both: roll the short call for a credit when price gets close, nothing open through earnings, close the whole thing about 3 months before expiration.
I lean toward the $62.50 because the short call sits further away. But the $50 holds up much better if Uber just goes sideways for a year.
Also, I'd like to hear if even think Uber is the right name for a leap?
(screenshot from Thursday, I'm still debating this trade)
Thanks!
https://preview.redd.it/41lm3g0ypyoh1.png?width=3826&format=png&auto=webp&s=d7c467bd8bf3d3fe415c4c1d1b20be55180375e0