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Showing posts with label ARKK Aug 20 2021 60/98 credit put spread. Show all posts
Showing posts with label ARKK Aug 20 2021 60/98 credit put spread. Show all posts

Saturday, June 18, 2022

Options trade : ARK Innovation ETF (ARKK) bullish trade

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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