Jolt Deal 000000001
Average User Rating

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

Disclosure: Options investing is inherently risky. This is not a solicitation to buy or sell.Please read our options disclaimer on this site before trying to emulate any trade shown here.