JAN 2021: SQ $215 – $220 Bull Call Spread
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Trade Structure
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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
There are no extreme movements in the Markets in general
No Earnings or Significant News
Earnings are behind us and were announced on 11/05
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside the Keltner Channels.
RSI Analysis
RSI is pointing up indicating a strong upward movement
ADX Analysis
DI+ is pointing up and DI- pointing down, further confirming the upward momentum
Trade Analysis
Trade Outcome
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Ending Account Balance