July 2020: OKTA $195 – $200 Bull Call Spread
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Selection Criteria
Overall market movement
The market has been going up non-stop for 10 days, and we got a quick pullback today, when DOW dropped more than 300 points today.
No Earnings or Significant News
Next earnings are on 10/26
Bollinger Bands outside Keltner Channels
Bollinger Bands are outside Keltner Chanels.
RSI is smack in the middle (i.e not oversold or overbought)
ADX is pointing down and below 25, indicating that the downward pressure is not sustainable.
Beginning Account Balance
Ending Account Balance