Buying PATH put contracts.
PATH is a key holding of Cathie Wood’s ARKK portfolio which is coming under pressure. The company trades with a $33 billion valuation and is not expected to generate profits this year (and very minimal potential profits next year). Shares are breaking down and vulnerable.
- Buy (to open) 15 PATH December 17th $60 Puts
- Limit $9.20 or less
- The new position will represent roughly 10.4% of our Spec Model capital
~~~~~~~ - 10:20 Executed
- Bot 15 PATH Dec 17th $60 Puts @ $9.03