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Showing posts with label ARKK March 25 2022 72.50/90 credit call spread. Show all posts
Showing posts with label ARKK March 25 2022 72.50/90 credit call spread. Show all posts

Monday, June 13, 2022

Options trade : ARK Innovation ETF (ARKK) bearish trade

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2/23/2022

buy +4 March 25, 2022 $90 calls at $0.12 (prob ITM 2%)

sell -4 March 25, 2022 $72.50 calls at $1.17 (prob ITM 16%)

  • net credit:  $1.05 x 400 =  $420
  • oversold
  • 30 DTE
  • ARKK = $61.52


3/21/2022

buy back the four short calls ($72.50 strike) at $0.10

let the long calls expire (there were no buyers)

PROFIT:  $380