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Showing posts with label ARKK July 1 2022 53/65 credit call spread. Show all posts
Showing posts with label ARKK July 1 2022 53/65 credit call spread. Show all posts

Monday, June 13, 2022

Options trade : ARK Innovation ETF (ARKK) bearish trade

GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE.


 5/19/2022

buy +4 July 1, 2022 $65 calls at $0.25 (prob ITM 3%)

sell -4 July 1, 2022 $53 calls at $1.30 (prob ITM 16%)

  • net credit:  $1.05 x 400 =  $420
  • 43 DTE
  • ARKK = $43.67 (+2.50)


6/10/2022

buy back the four short calls ($53 strike) at $0.20 to take profits

leave open the four long calls for a future call spread

PROFIT:  $340