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Monday, June 13, 2022

Options trade : ARK Innovation ETF (ARKK) bearish trade

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2/24/2022

buy +4 March 18, 2022 $83.22 calls at $0.12 (prob ITM 3%)

sell -4 March 18, 2022 $72 calls at $1.12 (prob ITM 17.60%)

  • net credit:  $1.00 x 400 = $400
  • ARKK = $63.21 (+2.31)
  • oversold
  • 22 DTE


3/18/2022

buy back the four short calls ($72 strike) at $0.01

let the four long calls expire [I could not sell (to close) them . . . no buyers]

PROFIT:  $396