Aug 2019: GOOG $1165 – $1185 Call Spread
Trade Selection Criteria
Overall market movement
From 7/30 to 8/5 the overall market had been under pressure and is in oversold territory. These are the best times to look for trades.
No Earnings or Significant News
Earnings are behind us and were announced on 7/25. 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 is inconclusive, but still shows a change in trend.
ADX showing diversion. The previous downward momentum seems to have lost its strength.
Beginning Account Balance
Ending Account Balance