Aug 2019: AAPL $195 – $205 Bull Call Spread
Trade Selection Criteria
Overall market movement
Overall market was under pressure for a week and dragged down all stocks along with it. The perfect setup that we always look out for!
No Earnings or Significant News
Earnings are behind us and were announced on 7/30. There is no significant news or earnings event during our trade cycle.
Bollinger Bands outside Keltner Channels
Bollinger Bands are outside Keltner Channels. We are not in a squeeze or low volatility period.
RSI changing directions indicating a reversal in trend.
ADX flat. The previous downward momentum seems to have lost its strength.
Beginning Account Balance
Ending Account Balance
I appreciate the kind words. If you don’t mind, kindly leave a 1 liner review for my book.
Nice trade. I’m curious as to why you didn’t choose the 190-200 Bull Call Spread given that AAPL was trading as 195.
I always do ATM spreads to keep the math simple.