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Tuesday, June 14, 2022

Options trade : ARK Innovation ETF (ARKK) bearish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE.


2/22/2022

sell -4 April 1, 2022 $74 calls at $1.50

  • reuse the four long $108.22 calls from my 2/11/2022 call spread
  • credit:  $1.50 x 400 =  $600


3/18/2022 <--- expiration date of the long calls

buy back the four short calls ($74 strike) at $0.50 to take profits

PROFIT:  $400