Trade of the Week: ARKK

Trade of the Week
by Jay Soloff
Subscribe to all of Jay Soloff’s free trading research

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. 

New! Weekly Dividends

I just shared two new weekly paying dividend stocks with my ETF investors. Every week like clockwork you get dividends added to your account from these same two stocks... over and over and over. They’re part of an even larger portfolio filled with dividend-payers with yields upwards of over 100% and there are new ones added every month.

Click here for details.

 

Author: Jay SoloffJay Soloff is the Options Portfolio Manager at Investors Alley. Jay is also the editor for 48-Hour Income, Options Insiders, and co-editor of Weekly Income Accelerator and POWR Income with Tim Plaehn. Prior to joining the online investment world, Jay was a floor trader and market maker on the CBOE, the world's largest options exchange. His experience includes trading a multi-million dollar options portfolio in equities options as well as serving as a consultant to Wall Street options trading groups. Jay also spent time as a senior analyst at a hedge fund of funds, where he analyzed professional options funds as well as traded option strategies for hedging purposes. All told, Jay has 20 years of options trading experience. He received his undergrad degree in Economics at the University of Illinois - Champaign, and his MBA and Master of Science in Information Management from Arizona State University.
Subscribe to all of Jay Soloff’s free trading research