Flash Buy: Relief Rally on Beaten Down IPO

December 17, 2019

Our Hot Money Tracker has a new buy alert that has triggered.

Shares of Uber Technologies Inc (NYSE: UBER) have peeled back in today's session after closing higher by 5% in yesterday's session.

Despite today's weakness, short-term bullish investors are positioning themselves for more of a surge higher in the coming days.

Hot Money is confident that prices will continue to surge higher another $1 or more by Friday’s expiration.

Shares of this recent IPO look to have bottomed out and could see those who are short start to buy back their shares — which would case shares to soar higher.

Here's what we're doing...

We're buying to open the Uber Technologies Inc (NYSE: UBER) Dec. 27, 2019, $30.50 calls up to $0.40 per contract or better, for the day.

Action to Take:

  • In your brokerage account, locate the UBER Dec. 27, 2019, $30.50 calls:
  • The symbol is UBER191227C00030500.
  • Search for options under the stock ticker: UBER.
  • Make sure you choose the right options expiration (expiring on Dec. 27, 2019).
  • Choose the $30.50 strike price.
  • Select "calls" options. Select how many contracts to buy.
  • Once you have the right contract, click "buy to open."
  • Choose "limit order." (This sets the max price you'll pay per contract).
  • Use a limit of $0.40 per contract.
  • Click "Day" for TIF (Time In Force).
  • Then click "buy" to transmit the order.

You can also call your broker and say, "I want to buy to open UBER Dec. 27, 2019, $30.50 calls with a $0.40 limit or better; for the day."

If Hot Money is right that shares of Uber Technologies Inc (NYSE: UBER) prices will soar higher in the coming days, our calls would quickly increase into a double or triple-digit gain - giddy up!





Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%