Jolt Deal 000000001
Average User Rating [ratingwidget_raw id="jolt-deal-000000001" title="jolt-deal-000000001" type="page"]
Synopsis
| Published | Deadline | Type |
|---|---|---|
| 07 Jul 2021 11:15 EST | Jul 09 2021 3:45 pm EST | option |
| Sentiment | Jolt Maker | User Rank |
| bearish | sdadesky | **** |
| Minimum position | Jolt Recipe Cost | Max loss / pos |
| $44 | $10 | $44 |
| Min gain / pos | Max expected gain / pos | Duration |
| $250 | $1600 | 3 days |
| Optimal conditions | Brokerage Requirements | Account Restrictions |
| Purchase before July 9 mid-day. Price should not be trading less than $129 to avoid overpaying | Ability to trade option spreads, both bullish and bearish, with defined risk. | Allowed in Regular and retirement accounts (IRA'S). |
Rationale
Here's my current trade for this week. As some of you know, I follow ARKK very closely. Over the next 5 years I believe this will continue to move up enormously, though the road will be very much a roller coaster. I like to play it both to the long and the short side, using options. I'm bullish on ARKK from here, but not until it closes a recent gap. This should take place over the next 2-3 days, so I'm putting on the following broken wing butterfly trade that risks around $45 per position in order to make between $50 and $350 over the next 3 days.
Here's my technical analysis showing you what I expect over the next few days:
Supporting Graph
