UBER Weekly Options Trade Plan 2025-06-22

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UBER Weekly Analysis Summary (2025-06-22)

Comprehensive Summary of Key Insights

Technical Analysis Synthesis:

Bearish Trend: UBER's current price ($83.78) is below key short-term EMAs (10, 50, and 200), affirming a bearish structure. Technical Indicators: RSI: The 5-minute RSI is at 29.19 (oversold), but further downside is more likely given the bearish trend. The daily RSI is neutral at 43.12. Bollinger Bands: Price is close to the lower band, indicating potential for a rebound but aligning generally with continued downward pressure. MACD: Both timeframes show bearish divergence, confirming ongoing negative momentum. Key Support/Resistance: Critical supports at $83.38 and $81.86 could lead to accelerated bearish moves below these levels. Market Sentiment Integration:

VIX: At 20.62, the falling VIX suggests modest market anxiety; however, the elevated level indicates potential for continued volatility – generally beneficial for bearish positions. News Sentiment: Analyst downgrades and concerns about competition from robotaxis pose a bearish backdrop. Options Data: Max pain is at $86.00, while significant put activity—especially at strikes $81.00 and $82.00—indicates bearish positioning in the options market. Directional Determination: