UBER Credit Call Spread (Bear Call) — Jun 18, 2026
Trade Setup
Current Stock Price
$72.95
Entry Price
$72.95
Expiration
Jun 18, 2026
Suggested Contracts
1
Strike Details
Sell 85C / Buy 90C
Risk / Reward
Max Loss
$443.50
Max Profit
$56.50
Analysis
UBER (UBER, INC.) presents a credit call spread (bear call) opportunity with elevated implied volatility. IV Rank 59. IV 3930.0% trades 127.0pp above 30-day HV (3803.0%). This setup favors net premium sellers.
Sell the $85 call and buy the $90 call for protection. Bearish/neutral setup — profits if UBER stays below $85 at expiration. Defined risk equal to the spread width minus credit collected. Underlying ~$72.95, 44 DTE. Max profit $57 per contract, max loss $444, 12.7% return on risk, 81% POP. Breakeven at $85.56.
Management: take profit at ~50% of max profit ($28). Cut at 2x credit ($113 loss). If short strike is breached with > 14 DTE, consider rolling out for a credit. Close before expiration week to avoid gamma risk.
Setup Instructions
Underlying: UBER @ ~$72.95 Expiration: Jun 18, 2026 (44 DTE) Legs:
- Sell UBER Jun 18, 2026 $85 Call (delta 0.19, mid $1.10)
- Buy UBER Jun 18, 2026 $90 Call (delta 0.11, mid $0.54)
Use limit orders at the mid or slightly worse. Verify bid-ask spread (currently ~-2.7% of mid) before sending.
Management Plan
Take profit at 50% of max profit ($28). Cut loss if position reaches 2x credit received ($113 loss). Roll if tested with > 14 DTE remaining.