Still At Sea

I like the October or November puts on SE. Two different stocks charted below, but both in ARKK and I think similar setups. ROKU is the profitable one, but it brokedown first. ROKU's market cap is about one-third of Sea's. Nothing against the company. Nothing was wrong with Amazon in 2000, but it would lose more than 90 percent of its market cap during the dotcom bear market. ARKK holds about 2 percent of ROKU's stock, whereas the position in SE is sub-1 percent. ROKU is the third largest holding in ARKK, SE about 1.5 percent.

Be Advised:

Earnings are next week.

ARKK remains a great place for bears to shop.