JUL 2021: ZM $400 – $395 Bear Put Spread
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Selection Criteria
Overall market movement
Markets have gone parabolic and I took this trade based on extreme highs in literally all the stocks in our watchlist.
No Earnings or Significant News
Earnings are behind us and were announced on 6/1
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside Keltner Channels.
RSI turning down after being in overbought zone
DI+ is sharply turning down indicating a temporary loss of upward momentum
Beginning Account Balance
Ending Account Balance