Hedging With ARKK

I noticed someone came in and bought around 500k puts right at the open on the ARKK suite. I'm also seeing my trend model indicate that this has the possibility to be a short-term top. Because of how much vol has come off in the last couple of weeks, this seems like a decent time to take advantage of the complacency with hedging of a space that is in a clear long-term downtrend.

Wrong above the 67 area on a closing basis. If that starts to hold, we should see a 90 handle on the ARKK complex in the coming months. For now, trading what I see.