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Tuesday, June 14, 2022

Options trade : ARK Innovation ETF (ARKK) bearish trade

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1/12/2022

buy +4 Feb 25, 2022 $115 calls at $0.19 (prob ITM 2.50%)

sell -4 Feb 25, 2022 $97 calls at $1.32 (prob ITM 16%)

  • net credit:  $1.13 x 400 =  $452
  • 44 DTE


1/25/2022

buy back the four short calls ($97 strike) at $0.20 to take profits

let the long calls expire

PROFIT:  $372