APR 2021: AMGN $230-$235 Bull Call Spread
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Selection Criteria
Overall market movement
N/A – There is nothing drastic going on in the overall Market. ABNB has dropped on no material news
No Earnings or Significant News
This is a post earnings trade and earnings are behind us
Bollinger Bands outside Keltner Channels
This is a post-earnings trade. We use support/resistance for these as other indicators are mostly irrelevant for these kind of trades
Although, I use support/resistance for 90% of my post-earnings tardes, in this case my usual mean reversion indicators are clearly lining up. RSI is cleary pointing up, giving us a nice mean-reversion signal.
Although, I use support/resistance for 90% of my post-earnings tardes, in this case my usual mean reversion indicators are clearly lining up. DI- flattening out is indicating a loss of downward pressure.
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Ending Account Balance