Trade of Week: ARKK

ETFs, Growth Stocks, Trade of the Week

The popular Cathie Wood ETF, ARK Innovation ETF (ARKK), continued its run in unusual options trading territory last week.  ARKK is a popular speculative stock ETF that holds a lot of the buzzworthy names in the tech world such as TSLA, ZM, and COIN.  One interesting trade from the week was a very large call spread that expires in February.  The call spread caps the profit from the stock’s upside at $108, but makes money at expiration if the stock is above roughly $100.  The stock was around $92 at the time, so this is definitely a bullish position.