SARK Call Spread Sees $272K+ Bet: Trade Nets 11.9% Gain as Price Jumps 3.59% in a Day
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Large SARK Call Spread Yields Immediate Double-Digit Gain
On November 7th, a substantial options trade in the Tradr 1X Short Innovation Daily ETF (SARK) made waves among market watchers. The transaction: a 3,800 contract 29-32 strike call spread, executed for a volume-weighted average price (VWAP) of $1.43. By 11:15 AM the same day, the value of the spread had already climbed to $1.60, delivering an impressive 11.9% gain to its buyers. This quick move was fueled by a $0.43 increase in the underlying SARK price—from $30.76 at the time of the trade to $31.18.
Trade Summary Table
| Option Spread | Contracts | VWAP Price | Spread Value Now | Gain per Contract | Underlying Move | Days to Expiration |
|---|---|---|---|---|---|---|
| 29-32 Call Spread (Nov 21, 2025 Exp.) | 3,800 | $1.43 | $1.60 | $0.17 (11.9%) | $30.76 ? $31.18 | 14 |
Full Multi-Leg Trade Analyzer for SARK
Trade Profile: Profit Potential and Strategy
The buyers spent just over $272,000 on this call spread, with the possibility of earning up to $298,000 should SARK finish above $32 by expiration on November 21, 2025. The trade structure suggests an expectation for near-term upside in SARK. Notably, the relatively tight spread and short expiration window signal the trader anticipates continued momentum in the coming weeks, possibly capitalizing on short-term volatility or hedging another portfolio position.
Key Trade Metrics
| Total Premium Paid | Max Potential Payout | Max Gain | Break-Even Price |
|---|---|---|---|
| $272,000+ | ~$570,000 | ~$298,000 | $30.43 |
The break-even is close to the current stock price, giving this position a realistic shot at profit if SARK keeps climbing.
Technical Indicators Are Bullish: Fast Bullish Crossover, 16.9% Off Lows
Technically, SARK is flashing bullish signs. The ETF closed at $31.18, up 3.59% for the session and nearly 17% above its 52-week low. The current price stands well above both its 20-day (+10.7%) and 50-day (+5.7%) moving averages. The Fast Bullish Crossover pattern—a sign that shorter-term averages are overtaking longer-term trends—adds further confidence to the short-term uptrend.
Still, perspective is important. Despite recent gains, SARK remains 58.2% below its 52-week high and 21.5% below its 250-day average. The current momentum, while notable, sits in contrast with the ETF’s longer-term underperformance, particularly when compared to broad market ETFs like SPY.
Performance Table: SARK vs SPY
| Duration | SARK Return | SPY Return | SARK Low | SARK High |
|---|---|---|---|---|
| Today | +3.6% | -1.1% | 30.71 | 31.34 |
| 2 Week | +11.6% | -1.3% | 27.10 | 31.34 |
| 1 Month | +15.1% | -1.3% | 26.68 | 31.34 |
| 3 Month | -7.2% | +5.1% | 26.68 | 34.90 |
| 6 Month | -40.9% | +19.3% | 26.68 | 52.83 |
| 1 Year | -39.2% | +13.4% | 26.68 | 74.56 |
| YTD | -25.9% | +14.0% | 26.68 | 74.56 |
| 3 Year | -53.9% | +81.7% | 26.68 | 208.74 |
Short-term, SARK has outperformed SPY over the past two weeks and month, but the longer view paints a tougher picture.
Option Skew Indicators Show Bullish Sentiment
Option market data corroborates the technical signals: The proprietary 30-day implied volatility skew for SARK registers a bullish 93% rank, marking one of its most optimistic readings of the year. Such a high rank suggests that options traders see higher odds of upward movement in SARK’s price over the next month, adding another tailwind for the recent call spread buyers.
Key Takeaways: Tactical Upside Bet as SARK Shows Bullish Signals
This large call spread trade stands out not only for its size and near-term focus but also for its immediate gain and alignment with both technical and sentiment-driven market indicators. While the buyer needs SARK to clear $32 to capture the maximum payout, strong short-term momentum and a bullish option skew offer tailwinds that could drive further gains. Those interested in analyzing more call spreads or spotting similar trades can visit the multi-leg trade screener for broader context and strategy ideas.
While short-term data paints a constructive picture, SARK’s long-term underperformance relative to the broader market suggests a balanced perspective is still warranted for any forward-looking strategy.
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Disclosure: This article was generated with the assistance of AI