$Grab Holdings(GRAB)$ I bought Grab shares yesterday at the high and sold a covered call at 5.5 then when the stock fell took profit, waited for the rebound and sold a deeper call, 5.0 strike because I wanted to hedge my position and lower my venture cost.

In total I manged too reduce my cost to 4.77 and with a 3 day strike at 5.0 this is an acceptable capped profit of 0.23. If the stock falls before expiry, then I'm hedged until 4.77 and I shall sell more calls.

Here's why I think in the short term I can make a decent profit and that my trade is safe.

Options Market Signals

Implied Volatility: 104.6% (extremely high), reflecting expectations of sharp price swings.

Call/Put Ratio: 7.29 (bullish bias), with heavy call volume at $5.0 and $5.5 strikes.

Immediate Support:

$5.10 (USD): Today's intraday low (February 19, 2025).

$4.91 (USD): Resistance-turned-support level from February 14, 2025.

Near-Term Support:

$4.75 (USD): Recent support level observed on February 14, 2025.

Analyst Low Target:

$4.65 (USD): Lowest analyst price target (24 analysts tracked).

Long-Term Floor:

$2.98 (USD): 52-week low (historical floor).

Relative Strength Index :

 With an RSI of 54.59, the stock is in neutral territory, suggesting it's neither overbought nor oversold

Intrinsic Value of Grab:

P/E ratio as of February 4, 2025, is -209.43. Investors are betting on the future of the stock and not its past.

But there is definitely a future for Grab as Insitutions seem to think so. UBER hodds the hegemony in the US for ride share and food delivery services, and them taking a stake in Grab is their way of admitting that it would be harder to compete with Grab but easier to own a part of their success. 

$Grab Holdings(GRAB)$  $Uber(UBER)$  $Lyft, Inc.(LYFT)$  

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