APR 2021: LMT $370-$375 Bull Call Spread
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THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Rationale
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
RSI Analysis
This is a post-earnings trade. We use support/resistance for these as other indicators are mostly irrelevant for these kind of trades
ADX Analysis
Although, I use support/resistance for 90% of my post-earnings trades, in this case DI- is flattening out indicating a loss of downward pressure.
Trade Analysis
Trade Outcome
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