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Agree To Buy Uber Technologies At $47.50, Earn 7% Using Options

Investors eyeing a purchase of Uber Technologies Inc (UBER) stock, but cautious about paying the going market price of $86.63/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the December 2027 put at the $47.50 strike, which has a bid at the time of this writing of $3.35..

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Uber Technologies, Inc. (UBER)