Buying FIVN put contracts.
Despite strength in the overall market, shares of ROKU have been breaking lower. FIVN is in the cloud computing business which is a very competitive area of the market. The stock’s valuation is extremely high, leaving plenty of room for the stock to continue lower.
- Buy (to open) 6 FIVN December 17th $165 Puts
- Limit $26.50 or less
- The new position will represent roughly 9.4% of our Spec Model capital
- 15:50 Executed
- Bot 6 FIVN Dec 17th $165 Puts @ $24.12