{"id":2520,"date":"2021-07-20T18:08:27","date_gmt":"2021-07-20T18:08:27","guid":{"rendered":"https:\/\/tradejolt.com\/wordpress\/?p=2520"},"modified":"2021-10-30T20:49:14","modified_gmt":"2021-10-30T20:49:14","slug":"arkk-status-22-july","status":"publish","type":"post","link":"https:\/\/tradejolt.com\/wordpress\/arkk-status-22-july\/","title":{"rendered":"ARKK status 22 July"},"content":{"rendered":"

ARKK has rebounded well today, moving past recent highs. This does not change my prognosis.
\nI see the ETF moving all the way up to $123 over the next 2 to 3 days. Then I still expect a drop.<\/p>\n

click to enlarge
\n<\/a><\/p>\n

That said, it may never end up in the $85-110 range that would be optimal for our calendar by Aug 6. Since I've got around $21 at risk in each of my 80 positions, that would not be horrible.
\nBut still, why not bring down that risk even more?<\/p>\n

Since I'm reasonably sure the stock will move opposite my wishes for the next few days, I'll bring in premium by selling some put spreads. I'll sell the 115\/114 puts expiring on July 23, using a limit order. I think I can get filled at $0.10 to $0.14 cents which will bring in $10-14 for each position.<\/p>\n

This increases my risk of loss to $86 ($100 spread minus premium collected) instead of my original $21 of max risk. Still the market has revealed its hand, and I will choose to play it. I think the spreads will expire worthless and I'll have reduced my overall costs to $11.<\/p>\n","protected":false},"excerpt":{"rendered":"

ARKK has rebounded well today, moving past recent highs. This does not change my prognosis. I see the ETF moving all the way up to $123 over the next 2 to 3 days. Then I still expect a drop. click to enlarge That said, it may never end up in the $85-110 range that would […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2520","post","type-post","status-publish","format-standard","hentry","category-trades"],"_links":{"self":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/2520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/comments?post=2520"}],"version-history":[{"count":1,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/2520\/revisions"}],"predecessor-version":[{"id":2521,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/2520\/revisions\/2521"}],"wp:attachment":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/media?parent=2520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/categories?post=2520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/tags?post=2520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}