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Showing posts with label ARKK June 17 2022 52.22/74.22 credit call spread. Show all posts
Showing posts with label ARKK June 17 2022 52.22/74.22 credit call spread. Show all posts

Monday, June 13, 2022

Options trade : ARK Innovation ETF (ARKK) bearish trade

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5/9/2022

buy +4 June 17, 2022 $74.22 calls at $0.07

sell -4 June 17, 2022 $52.22 calls at $1.03 (prob ITM 14%)

  • net credit:  $0.96 x 400 = $384


6/3/2022

buy back the four short calls ($52.22 strike) at $0.25 to take profits

leave open the four long calls for a future call spread

PROFIT:  $284