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Call Buying Activity in Uber (UBER) Targets 60% Upside in Shares Through Early 2023 -Susquehanna

October 21, 2020 2:04 PM

Susquehanna options strategist Alison Edwards notes call buying activity in Uber (NYSE: UBER), as an opening investor bought 25k Jan23 50 calls for $7.70, tied to 700k shares. This investor buys volatility through early 2023, breaking even on the options in the event of a 60% up. The trading created ~600k shares to buy.

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