Buy a Bullish Call Spread in ARKG for $212 or less.
With ARKG trading at $85 on 8/30
Buy the Oct 15th 85 Strike Call
Sell the Oct 15th 90 Strike Call
Premium: Try to spend $212 or less
Rationale: We covered ARKG in our latest podcast last night. IVR is very low at 3.9% which supports a debit spread strategy. It seems poised for a breakout. Watch levels $92.50 and $103.32 for profit taking. This is a defined-risk trade. Max loss is the premium paid, or ~$212. Max profit is $287
Stop Loss: If ARKG is lower than $78.25 you may want to consider exiting the trade.