Small put position over the weekend in this name. The thinking for this is basically sector rotation. Large caps had a nasty week while ARKK names held up (hence the rectangle this name has been in since last Friday). Breaking down today out of the rectangle and also looking like another false breakout of the trendline. Looking for downside in ARKK names next week if large cap tech names hold up.
Comment:
Expected a little rally EOD but not this much. Stopped out for now, will reevaluate next week.