By Dan Darrow
December 02, 2022
Intraday Update: UBER
A strong jobs report this morning knocked the wind out of the sails of the indices, which had been running on hopes for more modest employment gains. With indices lower and back into a chop zone, several names have retraced part of their rally from earlier in the week, including UBER. The stock has struggled to get any traction recently as it chops around the 28 and multiple moving averages, and we need to close the Dec16 $32.50 - $37.50 call spread roll up now before even more premium evaporates. We can revisit a new trade on this once it clears 30 and holds above it.
Trader Author Portfolio Holdings
**As of the date and time of publication