Most COVID-19 plays that saw staggering gains during the pandemic have come well off their highs, as irrational exuberance gives way to skepticism regarding continued fundamental outperformance.
Someone with a lot of money to spend has taken a bearish stance on Etsy (NASDAQ:ETSY).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Etsy Inc (NASDAQ: ETSY) shares are trading higher by 5.41% to $121.87 Monday afternoon. Shares of several companies in the retail & apparel space are trading higher as stocks continue to rise following last week's CPI report.
Gainers
Huadi International Group Co., Ltd. (NASDAQ: HUDI) shares jumped 242.8% to close at $105.72 on Thursday. The company announced a strategic plan to enter into the clean energy industry.