FREE OPTIONS-TRADING LESSONS HERE
7/16/2021
sell -1 August 20, 2021 $98 put at $1.08 (prob ITM 15%)
buy +1 August 20, 2021 $60 put at $0.05 (prob ITM 1%)
- net credit: $1.03
- ARKK = $116.39
- margin: $3000
- oversold
- 35 DTE
7/28/2021
buy back the $98 short put at $0.40 to remove the risk
let the $60 long put expire on Aug 20
NET PROFIT: $61.02 (in 12 days)
On Aug 20, 2021 (expiration), ARKK closed at $115.80
