Uber Stock: Low Volatility Points To This Long Strangle Trade

Uber Technologies (UBER) stock currently trades at low implied volatility, which means options are cheap compared with the last 12 months. That could mean it’s a good time to look at a breakout trade such as a long strangle.  Investors construct a long strangle by buying an out-of-the-money call and an out-of-the-money put. The trade aims to make a profit…