UBER November 2026 Options Begin Trading

Uber is trading at $81.84; the Nov 2026 $80 put bids $9.85—selling it would set an effective purchase basis of $70.15, is roughly 2% out‑of‑the‑money with a 63% probability of expiring worthless and would deliver a 12.31% return (13.22% annualized) on the cash at risk. Conversely, a covered‑call at the Nov 2026 $87.50 strike bids $11.30—selling it after purchasing shares at $81.84 would produce a 20.72% total return if called, is about 7% out‑of‑the‑money with a 45% chance of expiring worthless and would boost returns by 13.81% (14.82% annualized). Implied volatilities are ~42–43% (put/call) versus ~38% trailing 12‑month realized volatility, and Stock Options Channel will track greeks and expiry odds on its contract pages, highlighting these as yield‑enhancing strategies that entail assignment risk and potential capped upside.

Analysis

The put contract at the $80.00 strike bids $9.85 for the November 2026 expiration; selling it-to-open would set an effective purchase basis of $70.15 (before commissions) versus the current stock price of $81.84, with the strike about 2% out-of-the-money. The provider's analytics assign a 63% probability the put will expire worthless, which translates to a 12.31% return on the cash commitment (13.22% annualized) if unassigned, making it a yield-enhancing entry alternative for investors willing to own UBER at that net basis.

The covered-call example shows the Nov 2026 $87.50 call bidding $11.30; buying at $81.84 and selling that call would produce a 20.72% total return if called away and the strike is ~7% OTM, with a 45% chance of expiring worthless and a 13.81% premium boost (14.82% annualized) if it does. That trade converts upside exposure into near-term yield but leaves material upside on the table if shares appreciably outperform.

Implied volatilities are roughly 42–43% on these contracts versus 38% trailing 12‑month realized volatility, indicating a modest volatility premium available to option sellers. Key risks are assignment and capped upside, and investors should factor in commissions, lack of dividend assumption, and the multi-year horizon while using the published greeks and changing expiry odds to manage position sizing and exits.

Key Decisions for Investors

• Consider selling the Nov 2026 $80 put to establish a net entry at $70.15 only if you are prepared to be assigned and can commit the cash; size the position to reflect assignment risk and exclude commissions
• If already bullish on owning UBER, consider buying shares at $81.84 and selling the Nov 2026 $87.50 covered call to capture the 13.81% premium boost and potential 20.72% capped return, while accepting the 7% upside cap if called
• Monitor implied versus realized volatility and the published 63%/45% expiry odds on Stock Options Channel and be ready to adjust or close positions if implied premium compresses or probabilities move materially