Buying FIVN put contracts.

Five9 Inc. (SHOP) is a cloud tech company offering software solutions for call centers and customer service hubs.

The stock gapped sharply lower in October after a disappointing earnings report. But the recent bear market rally helped the stock to rebound back close to where it was trading before the report hit.

Now, the stock looks vulnerable to continue selling off. Especially after the market gapped higher this morning and then rolled lower throughout the day.

In today’s market, high-valuation tech stocks like FIVN are being punished. And the recent bear market rally sets up a good risk / reward scenario for us to roll out a new bearish position.