$ARKF SHORT PUT for Jan21, high PoP 20% profit #ark #options

2021年12月14日

Any kind of ETF naked PUTs are my favorite at high IVR.
My choice for today: ARK Fintech Innovation ETF

Reasons:
- high reward for Jan21 monthly expiry (mangeable with rolling) -> collecting credit
- RSI is already oversold
- breakeven point is far
- PUT strike at 0.618 fib


Max profit: $210
Probability of Profit: 89%
Profit Target relative to my Buying Power: 20%


Req. Buy Power: $1035 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 73 (very high)
Expiry: 38 days

SETUP: NAKED PUT for ARKF, because IVR is high, for 0.7cr
* Sell 3 ARKF JAN21'35 PUT

Management: ROLLING if daily candle is closing below of BE.

Take profit strategy: 70% of max.profit in this case with auto buy order at 0.2db

Of course I'll not wait until expiry in any case!

If you liked this article, check my other ideas.

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2021年12月30日

交易結束：目標達成

Trade closed at 70% of max proft.
Bought back each PUT option for 0.25db.
My profit: $135, and that is 13% relative to my buying power in 16days. I'm satisfied with this trade.