I missed getting it done at the close, but should be doable tomorrow at the open. Don't pay more than $2. UBER MAY31 132C in the 36/41/44 which went off today at 1.75 mid. It's got the potential for a (near) double from here.
I’m taking this trade. Uber’s volatility for May 31 expiration shows 108.1% according to IB. You have set the legs basically at UBER’s high and low since their IPO. Outstanding trade idea regardless of the ultimate outcome. Thanks. Edit: According to IB, bid/ask closed at 2.25 x 2.65, so there may be some work involved getting filled.
I was on the road and didn't trust the 1.75 mid. I didn't get a chance to look at the individuals (1.75 seemed too cheap when eyeballing).
It looks like going with the ITM leg at 37 with its .852 delta reduces the breakeven range by .20 on each side to 38.70 and 43.30, assuming a fill at 1 tick worse than the mid. Closing mid was 1.65. That 108% IV gives some room to play, IMHO.
Have VZ or your GF put the trade on for you, no offense but order execution isn’t one of your strong suits.