ARK Innovation ETF
Short
Updated

ARKK Short

621
ARKK Short

ABC Pattern
SMA50 as resistance
OBV<OBV34
W%R Above 50 -- not good in this trade

Entry 123.7
Stop 133
Target 80

I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
Trade active
Buy Sep Put spread P80/100 limit 3.1
Delta -0.12
Stop risk 10x0.12=1.2
MAX RRR 5:1.
Trade active
Sell P70/90 limit 3.45
Hold P70/80(x-1)/90(x-1)/100 for free;
Trade active
Buy to Close P70/90 limit 1.1, win 2.35 in this leg.
Overall, Hold Sep Put spread P80/100 0.75 ( 3.1-2.35)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.