$UBER Not a bullish close at all. SOld some 29.5 calls against the 28 I have long. Still two weeks until expiration but definitely turned into a ugly day after looking quite promising for a bit. Longs need to hope that the heavy early investor distribution largely disappears by Monday (sometimes sell events last 3 full days before quieting). Early investors who wanted to take some off the table have had the opportunity to now and taken it. Scary part is the sheer # of new shares that are available to short. Buyers looked quite exhausted today.
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