Buying FIVN put contracts.
FIVN operates in the highly-competitive cloud software industry. While the cloud technology industry will certainly grow, there will be winners and losers — and FIVN appears to be a loser as its stock is in a sustained pattern of decline.
Shares are expensive compared to sales and earnings, and we could see more disappointment as other cloud technology companies capture more market share.
- Buy (to open) 8 FIVN January 21st $150 Puts
- Limit $20.50 or less
- The new position will represent roughly 10.0% of our Spec Model capital
- 10:22 No Fill: Adjusting our limit price to $22.00
- 10:28 Executed
- Bot 8 FIVN jan 21st $150 Puts @ $21.76