Follow me on Twitter!

Monday, June 13, 2022

Options trade : ARK Innovation ETF (ARKK) bearish trade

GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE!


6/2/2022


buy +4 July 15, 2022 $78 calls at $0.66 (prob ITM 0.94%)

sell -4 July 15, 2022 $54.22 calls at $1.14 (prob ITM 17%)

  • net credit:  $1.08 x 400 =  $432
  • margin:  $9512
  • ARKK =  $45ish
  • overbought
  • 43 DTE


6/10/2022

buy back the four short calls ($54.22 strike) at $0.33 to take profits

leave open the four long calls for a future call spread

PROFIT:  $300