Options Traders Fade the Tech Bounce

JC Parets
March 22, 2022

Today’s Hot List is a short one.

As the market takes a pause following four straight up days, options traders are using puts to fade the bounce in UP Fintech Holdings $TIGR and HP $HPQ.

In terms of bullish flow, there was some major put selling in the small-cap trucker Yellow Corporation $YELL.

Jeffrey Fieler, the chairman and CEO of pollution and waste management company PureCycle Technologies $PCT, filed a Form 4 revealing a purchase of roughly $6 million of stock.

Here’s The Hot List, with data through March 21, 2022:

In another Form 4, Greenoaks Capital Partners revealed another 200,000-share purchase of Coupang $CPNG. 

This brings the tech-focused venture capital firm’s total ownership to almost 103 million shares, which represents an ownership interest of approximately 7%.

Last but not least, Cano Health $CANO director Lewis Gold filed a Form 4 revealing a purchase of over $2 million of stock.

Stay tuned. We'll be back Wednesday with more insider action.

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And as always, feel free to reach out with any questions. We love hearing from you!

All Star Charts Team

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