Pre-Earnings Uber Option Trade Offers 129% Annual Return

Uber Technologies (UBER) is set to report earnings on Wednesday before the opening bell, and the options market is pricing in a 7.5% move in either direction.X Today, we're looking at selling a cash secured put to take advantage of the high implied volatility around the earnings announcement.Last week's similar trade on Amazon.com (AMZN) worked a treat and hopefully this one will, too.A cash-secured put involves selling an at-the-money or out-of-the-money put option and simultaneously setting aside enough c ...