July 2020: ULTA $190 – $195 Bull Call Spread
Stock
Trade Structure
Trade Date
Price Paid
Expiration Days
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Rationale
Trade Selection Criteria
Overall market movement
The market has been going up non-stop for a week, and we got a minor pullback today, when DOW dropped more than 300 points today.
No Earnings or Significant News
Next earnings are on 9/3
Bollinger Bands outside Keltner Channels
This trade is based on support/resistance. BB/KCs don’t apply here. Please see trade rationale above. If you are a paying member you can see how I find these support/resistance trades using technical analysis: https://tradingextremes.com/training-videos/
RSI Analysis
This trade is based on support/resistance. BB/KCs don’t apply here. Please see trade rationale above.
ADX Analysis
This trade is based on support/resistance. BB/KCs don’t apply here. Please see trade rationale above.
Trade Analysis
Trade Outcome
Profit/Loss
Beginning Account Balance
Ending Account Balance