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Mike Khouw Sees Unusual Options Activity In Uber

On CNBC's "Options Action," Mike Khouw spoke about Uber Technologies Inc (NYSE: UBER), which is due to report earnings on Thursday.

Benzinga · 05/07/2020 13:23

On CNBC's "Options Action," Mike Khouw spoke about Uber Technologies Inc (NYSE: UBER), which is due to report earnings on Thursday.

Khouw said the options market is implying a move of 10% and that is roughly in line with its last move on earnings. Puts outnumbered calls 2 to 1 and the most active weekly options were the May 8, $25 strike puts. Around 5,000 contracts were traded for 65 cents. The trade breaks even at $24.35 or 12.47% below the closing price on Wednesday.

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