Trade of the Week: ARKK | Investors Alley

Trade of the Week: ARKK

October 8, 2024 6:00 am by Jay Soloff

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This week, we are doing a covered call analysis on Ark Innovation ETF (ARKK). The stock price has been trading mostly within a range for the majority of the year.

In the meantime, volatility has started to move higher in recent weeks. Both of these variables together could suggest a nice setup for a covered call trade.

We are looking at ARKK because there is a single stock covered call ETF from YieldMax, OARK, which could be (or could not be) an interesting addition to the portfolio in my new ETF Income Trader service.

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Trade of the Week: ARKK

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