Trade Alert 11/26/2025

We have added a 1×2 put spread in ABNB and UBER. This has the potential to end up owing 100 shares of the stocks at January expiration. The details as follows: Buy to open: ABNB Jan 16th (monthly) 115.00 strike put (ratio of 1) Sell to open: ABNB Jan 16th (monthly) 105.00 strike put (ratio of 2) Debit: 1.25 Likely risk = 1.25 or $125.00 per spread Max reward = 8.75 or $875.00 per spread Max risk = owning 100 shares at a cost basis of 96.25/share Buy to open: UBER Jan 16th (monthly) 80.00 strike put (ratio of 1) Sell to open: UBER Jan 16th (monthly) 72.50 strike put (ratio of 2) Debit: 0.65 Likely risk = 0.65 or $65.00 per spread Max reward = 6.85 or $685.00 per spread Max risk = owning 100 shares at a cost basis of 65.65/share