ARKK when modeled from the Oct 2023 rally base
shows an inflection at VWAP 1x as support and 2x as resistance.
It's been hovering just above -1 sig where it touched a Weekly
level a whopping 3x. Yesterday it swept below it and this morning
it's rallying on the 5 min. If it had run the weekly level lows it'd be another story
But for now I'm viewing it as a liquidity sweep opposite a double top high at VWAP near 48.
So I'm going to bet that ARKK is holding -1 sig and will rally to +1 sig near 51
holding above VWAP for the next 1 month.
I sold 42 that is just above -2 sig 45 DTE yesterday Tues 2/6/2024 for 0.27 above the mid at the time.
And 20 mins after I sold it, I'm looking at the quotes and they're jumping to .40 and .50.
As price is going UP!!!!!
So I got shafted by my broker with bad mid pricing that wasn't stable.
And today, next day Wed, the underlying is higher on a rally yesterday afternon and prices are like .33 to .37.
So I'm looking to exit this as soon as I'm above water on the position.
F'kn ridiculous.
Either these are so illiquid at the moment or my broker shafted me.
Symbol ARKK
Open Date 2/6/2024
Put or Call Put
Expiry Date 3/22/2024
Short Strike 42
Long Strike 40
Price to Open 0.27
Min Width Multiple 4
Risk Ratio 6.41
Return on Risk 15.6%
Opening DTE 45
1 Day ROI% 0.35%
Max Annual ROI % 126.6%
Buyback to Close
Open to Roll
Closing % Cost on Opening Credit
Net Roll % on Opening Credit
Closing Date
Closing Price
Closed Margin ROI %
Closed Annual ROI %
shows an inflection at VWAP 1x as support and 2x as resistance.
It's been hovering just above -1 sig where it touched a Weekly
level a whopping 3x. Yesterday it swept below it and this morning
it's rallying on the 5 min. If it had run the weekly level lows it'd be another story
But for now I'm viewing it as a liquidity sweep opposite a double top high at VWAP near 48.
So I'm going to bet that ARKK is holding -1 sig and will rally to +1 sig near 51
holding above VWAP for the next 1 month.
I sold 42 that is just above -2 sig 45 DTE yesterday Tues 2/6/2024 for 0.27 above the mid at the time.
And 20 mins after I sold it, I'm looking at the quotes and they're jumping to .40 and .50.
As price is going UP!!!!!
So I got shafted by my broker with bad mid pricing that wasn't stable.
And today, next day Wed, the underlying is higher on a rally yesterday afternon and prices are like .33 to .37.
So I'm looking to exit this as soon as I'm above water on the position.
F'kn ridiculous.
Either these are so illiquid at the moment or my broker shafted me.
Symbol ARKK
Open Date 2/6/2024
Put or Call Put
Expiry Date 3/22/2024
Short Strike 42
Long Strike 40
Price to Open 0.27
Min Width Multiple 4
Risk Ratio 6.41
Return on Risk 15.6%
Opening DTE 45
1 Day ROI% 0.35%
Max Annual ROI % 126.6%
Buyback to Close
Open to Roll
Closing % Cost on Opening Credit
Net Roll % on Opening Credit
Closing Date
Closing Price
Closed Margin ROI %
Closed Annual ROI %