Jolts Market Listings
| Security | Ranking | Cost | Type | Flavor | Date | Expiration | Jolt Maker | ID |
|---|---|---|---|---|---|---|---|---|
| ARKK | $10 | Option | Bearish | 07/04/21 11:30 | 07/09/21 | sdadesky | 000001 |
Jolt Market Page
Jolt Deal Page
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
Jolt Deal Forum
Jolt Guidance Page
Jolt Guidance Id No: 000000001 Published: 07/05/2021 Jolt Maker id : sdadesky
Here are the details of your ARKK trade, expiring on July 09
buy 2 PUT contracts ARKK strike 126 EXP JULY 09
sell 2 PUT contracts ARKK strike 124 EXP JULY 09
orders should be placed at limit orders with maximum price of $0.80, preferable as low as 66 cents.
sell 3 PUT contracts ARKK strike 124 EXP JULY 09
buy 3 PUT contracts ARKK strike 123 EXP JULY 09
orders should be placed at limit orders with MINIMUM price of $0.20, preferable as as high as 44 cents
Total outlay: debit
mimimum: debit of 2 x $0.66 x 100 = $132
credit of 3 x $0.44 x 100 = $142
total: credit of $10.00 (no loss possible)
maximum: debit of 2 x $0.80 x 100 = $160
credit of 3 x $0.20 x 100 = $ 60
total: $100 debit (this is max loss)
You will maximum gain will vary between $30 and $350 at prices below $132 by Friday.
This trade benefits from the passage of time (theta positive)
The optimal time to close the trade is whenever the profit exceeds $330 or on Friday at 3:45 pm latest.
Questions or Concerns
Please post any comments or questions about this Jolt trade to the Jolt Maker (sdadesky) in the
Corresponding forum. This forum is limited to other Jolt Takers and the Jolt Maker of this trade.
Jolt Guidance Payments
Jolt Guidance Purchase
Synopsis
| Jolt Guidance Id | Cost | Jolt Maker |
|---|---|---|
| tjgu-000000001 | $10 | sdadesky |
Disclosure: Investing in options or crypto 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.
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