Options Traders Expecting Short-Term Downside For ARK Innovation ETF - ARK Innovation ETF (BATS:ARKK)

On CNBC's "Options Action," Michael Khouw of Optimize Advisors said that ARK Innovation ETF (NYSE:ARKK) traded at 1.4 times its average daily options volume on Monday. With over 200,000 contracts traded, it “was the ninth-busiest ETF option today,” he added.

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There was a buyer of 3300 of the October 32 puts at an average price of 45 cents per contract, Khouw mentioned. “There were a lot of big trades,” he stated. The trader expects the ARK Innovation ETF to decline by more than 13% by weekly expiration, he added.

ARKK Price Action: ARK Innovation ETF declined by 3.28% to settle at $36.30 on Monday.

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ARKKARK Innovation ETF

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