Closed: ARKK July 15th 32/50 Short Strangle... for a 1.32 debit.
Comments: In for 1.54 (See Post Below), out here for 1.32. .22 ($22) winner ahead of the long holiday weekend.
ARKK trade ideas
ARKK fund price targetsWith investors moving from growth stocks to the safest dividend paying sector companies, the ARKK fund finds itself in a difficult position.
Once the interest rates go higher and money will be harder to borrow, my price targets from this ETF are $60, respectively $49 by the end of Q2.
Looking forward to read your opinion about it.
ARKK - Markets Mercy On Cathy WoodOK, sometimes it's just too much and your ETF will give you a hint.
In I think she's getting it now...?
#YourETFHelpsYou
ARKK short term gap fill paired with Inverse H&SARKK at multi year support, has gaps to fill to the upside and also inverse head and shoulders on the hourly chart. Cathy gonna get a break for a second :)
ARKK Looking For A Low Of $20 And Let Ms Woods Do Her Thing Title says it all at $19/$20 you may have a chance to invest side by side with one of the greatest investors of all time - Cathy Woods. Not advice
Opened: ARKK July 15th 32/50 Short Strangle... for a 1.54 credit.
Comments: Opened this on Friday, but ran out of time to post ... . High IVR/IV at 73/76. Selling the 16 delta on both sides. 1.54 credit on buying power of 4.05; 38.0% ROC as a function of buying power at max; 19.0% at 50% max.
"Fortune Favors The Brave"Hello friends. Do you remember when that silly head came on and said something about fortune favoring the brave, and how buying the Bitcoin top was super brave? I have a little secret to tell you: Buying tops is not brave. It's cowardly! What is truly brave is buying bottoms. That means you are buying when the rest of the market is selling! Buying when everyone is buying is easy. Buying when everyone is selling takes bravery!
ARKK clearly made a leading diagonal, and it will be likely to pull back to the 0.618. If it falls below the 0.786, we are almost certainly wrong, and the trade will stop out. Look how this trade has a risk to reward of over 10!! It takes a lot of bravery to take such a trade, and yet the rewards for doing so could be monumental.
Thanks for playing.
ARKK 56% off the highsI've been patiently waiting to start re-accumulating this name, since it is 56% off it's all time highs, I don't see why the irrationality in the growth stocks won't continue. I may add some at the current levels but my main buys are in the overshoot and panic that could bring the price down to the levels indicated on the chart. I'm long term bullish on American Tech. Good luck all.
Arkk46.70 came in as huge reistance. It’s clear we have another bearish pattern here at play. 4th tap on upper reistance confirming this strong rising resitance. Support of rising wedge at 44.39 watch for a line break chart to prove that breakdown. Watch SARK as it’s inverse and could be in a bull flag
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Closed: ARKK July 15th 34/56 Short Strangle... for a 1.41 debit.
Comments: In for 1.89 (See Post Below), out for 1.41. .48 ($48) profit, 25% of max. Money, take, run ... .
ARKK LongLooks like ARKK found support. Bullish price action. Good R/R for longs here. STOP below red line.
ARKK ARK Innovation: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for ARK Innovation ETF (ARKK).
The chart is self-explanatory. The price is currently in a Descending Parallel Channel with the RSI oversold so there may be a short term upward price movement, however the overall trend is still down. I put in multiple support lines to keep an eye on. If price moves back up, expect the areas I noted as major resistance areas.
Included in the chart: Trend line, Support and Resistance Lines, Volume, RSI, MFI ( Money Flow Index), Descending Parallel Channel.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
$ARKK Could Turn BullishThis is a counter trend trade with the backdrop of high inflation, global supply shortage and more unemployment pressure. Yet ARKK innovation ETF is looking attractive at this level. Cash is still king during this uncertain period so only use a small size to take advantage of deep discounts. I will exit the trade if price drops below $39 but if it doesn't, then ARKK could test $60 level soon.
ARKK fund ETF testing long term suppotCathy Wood's ARK fund ARKK has essentially given back ALL of its gains from the Covid rally.
Price action is settling at support currently. We'll see if it holds or not...
Battle between bears and Bulls part 1 of 2 for ARKK Please take a look at these trend lines
Please let me know if you agree that this is battle 1 out of 2 taking place today/Monday and part 2 within the next 5 days...
I'm neutral right now, Invested, but hedged.
Opened: ARKK July 15th 34/56 Short Strangle... for a 1.89 credit.
Comments: Selling premium in the exchange-traded fund with the highest IV on the board. As usual, will manage sides on approaching worthless , side test, or a delta/theta ratio of >1.00.
1.89 credit on BPE of 4.26 (on margin); 44.4% ROC as a function of buying power at max; 22.2% at 50% max.
$ARKK is looking more constructiveFor the first time in months, Cathie Wood’s $ARKK is showing some signs of life as it managed to close above the recent channel resistance. In case the market continues to grind higher in the coming week, watch this ETF for a possible catch-up play. It has plenty of free room on the chart to $50 before encountering more resistance. We are long some call options as the risk/reward is quite favorable.
Which Stage We Are In Right Now?You always need to know which stage we are in right now and know exactly when to entry and exit by following robust trading signals. Things can turn around quickly and when investors are panic and forced selling their stocks, it might be a good time for you to accumulate at a very cheap price... You need to have a good trading psychology to beat the markets!
deviltrader168
Humans Never Change“Two things are infinite: the universe and human stupidity; and I'm not sure about the universe.”
― Albert Einstein
Humans are stupid in an infinite, repeating, and beautiful way which we can take advantage of as traders. The similarity between the tech bubble for QQQ popping in 2000 is quite apparent when looking at the ARKK bubble which formed more recently in 2020 and has popped already.
One of the best trades of this decade will be buying ARKK at around 25 bucks a pop and riding it up to new highs over the following years. That's a huge return with very little downside potential. I will load up the boat when we get there.
For the shorter term, you can see that this fractal expects us to see another rally of ~50% in ARKK, but DO NOT FOMO into this rally. It will be a fake out, and followed by more blood. I will take this as an opportunity to sell off my currently underwater Coinbase, Palantir, and Netflix stock holdings personally, since I expect they will follow ARKK for a fresh low.
Thanks for playing.
ARK, entering buy areaWe finally got there, but we're still not out of the wood, so a stop loss under the support is recommended
One more spike low to complete popBubbles of the shape and style ARKK has formed will usually have a capitulation swing here that spikes out the big previous support base. This is the panic stage of the cycle and where people frequently sell out at the low. This could be as much as a 50% capitulation. And that completes the pop of ARKK bubble.
