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Monday, June 13, 2022

Options Trade : ARK Innovation ETF (ARKK) bearish trade

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5/13/2022

buy +4 June 24, 2022 $70 calls at $0.12 (prob ITM 1.88%)

sell -4 June 24, 2022 $54 calls at $1.08 (prob ITM 15%)

  • net credit:  $0.96 x 400 = $384
  • ARKK = $43.64 (+4.65)
  • 43 DTE


6/3/2022

buy back the four short calls ($54 strike) to take profits

leave open the four long calls for a future call spread

PROFIT:  $284