Sold the $69 put on UBER, 39 DTE, for $1.75 credit ($175 per contract).
**Thesis:**
**•** $69.02 has held as support on both the daily and weekly timeframe over the past year
**•** $80.56 has capped as resistance over the same period — currently trading in that range at $72.41
**•** Recent insider buying at UBER
**•** Disclosed filings show Trump has also bought UBER shares this year
** **
**•** Selling premium at a level with a track record of holding, rather than betting directionally
**Trade details:**
**•** Strike: $69P
**•** Expiration: 39 DTE
**•** Credit received: $1.75
**•** Current price: $72.41
**•** Breakeven: $67.25
**•** Max profit: $175/contract if UBER stays above $69 at expiry
**•** Max loss: assignment at $69 (effective cost basis $67.25) if support breaks
Only sizing this as a position I'm fine being assigned on — not treating $69 as a guaranteed floor. NFA, DYODD.