Follow me on Twitter!

Showing posts with label ARKK Mar 18 2022 84.22/108.22 credit call spread. Show all posts
Showing posts with label ARKK Mar 18 2022 84.22/108.22 credit call spread. Show all posts

Tuesday, June 14, 2022

Options trade : ARK Innovation ETF (ARKK) bearish trade

 GET WEEKLY TRADE IDEAS!

FREE OPTIONS-TRADING LESSONS HERE.


2/11/2022

buy +4 March 18, 2022 $108.22 calls at $0.09 (prob ITM 1.20%)

sell -4 March 18, 2022 $84.22 calls at $1.37 (prob ITM 16%)

  • net credit:  $1.28 x 400 =  $512
  • ARKK = $71.90
  • overbought


2/18/2022

buy back the four short calls ($84.22 strike) at $0.28 to take profits

leave the long calls open for a future call spread

PROFIT:  $400