Sell Alert: Take 98% Profit On ARK Innovation ETF Puts

Investors holding high-valuation tech stocks have started worrying that higher Treasury yields reduce the present value of cash flows that are expected to arrive far in the future. Tech stocks are leading the market to the downside, and so-called value sectors like financials are doing well. Pricing is high for ARKK puts. Considering time to expiration and our put’s price, we recommend locking in gain now.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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