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:
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!