Signal: This Rideshare Stock Has Cheap Options, Room To Run

Don’t think UBER’s drive up the charts is running out of gas.Rideshare firebrand Uber Technologies (UBER) boasts a 53.6% year-to-date gain. Despite a post-earnings bear gap back in early May, UBER proved resilient, and nabbed a May 20 record high of $93.60. Now, the shares are testing this level once more, and could barge on through, with this bullish combination flashing.UBER’s new highs are coinciding with historically low implied volatility (IV) -- a combination that has been bullish for the stock in the ...