ARK Genomic Revolution ETF (ARKG)

Dec 28, 2020Trade Ideas

Gene editing stocks are rocketing higher. Over the last few weeks, shares of Editas Medicine (EDIT) ran from $30 to $92.59. Intellia Therapeutics (NTLA) popped from $24 to $69. CRISPR (CRSP) ran from $90 to $176.36.

Helping, EDIT just filed a request with the US FDA to begin a Phase 1/2 study of EDIT-301 for sickle cell disease, which could be a winner given the success of preclinical data.

In addition, big moves were seen after a Bloomberg interview with ARK Invest founder, Cathie Wood, who noted, “The biggest upside surprises are going to come from the genomic space, and that’s because the convergence of DNA sequencing, artificial intelligence, and gene therapies are going to cure disease.”

Each of those gene editing stocks are still buy opportunities. But if you want to maximize your exposure to the sector at less cost, consider the ARK Genomic Revolution ETF (ARKG). It last traded at $104.47 a share. And, or you can buy to open the ARKG Feb. 19, 2021 105 calls, which last traded at $8.40. You can even hedge the long bets with the ARKG Feb. 19, 2021 104 puts, which last traded at $8.30.

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