Feb 2020: TSLA $690- $700 Bull Call Spread
Trade Selection Criteria
Overall market movement
The market just recovered from the corona virus scare. However, this was not a decision making factor for this trade.
No Earnings or Significant News
Earnings are behind us and were announced on 1/29/2020
Bollinger Bands outside Keltner Channels
This is not a normal trade by any means. But yes, the Bollinger Bands are definitely outside the Keltner Channels, which is evident by the crazy volatile moves this stock has experienced in the last 2 days.
N/A – With the kind of wild moves TSLA has experienced in the last two days, RSI is not a contributing factor for this trade
NA – With the kind of wild moves TSLA has experienced in the last two days, ADX is not a contributing factor for this trade’s decision.
Beginning Account Balance
Ending Account Balance