November 8 UBER puts for lockup period expiration. People gonna get nervous about it given the beating BYND took. Also can ride a general market decline on the high P/E ratio companies

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I purchased some a few hours ago and already ahead 20%

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This logic is flawed sorry lol...investors who were in lockup period cashed out from BYND because they were already up ~270-300% from the price they got in at. Any late stage pre-IPO investor in Uber is currently significantly down in their investment and most likely won’t be selling anytime soon
- X

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Yeah well aware they are down on their investment, I just feel like after a horrible lock up period the market sentiment might shift as we get closer to the date towards a little more unease. Definitely not expecting anything as dramatic as BYND, but the IV on these is really not too bad either making it a decent play given it can also capture overall market sentiment shift if things get rocky here

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Lol yeah that drop came out of nowhere

I think Uber and Lyft have taken their beatings and are only up from here

I bet it will drop. nothing like BYND. The market is becoming more rational about valuation.

Probably right that expiration will not mean anything, but glad to close this at a 55% gain lmao - sometimes unrelated stuff can be pretty sweet

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