July 2020: TSLA $1400 – $1405 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 weeks, and we got a quick pullback on Thursday and Friday.
No Earnings or Significant News
Earnings are behind us and were announced on 7/22
Bollinger Bands outside Keltner Channels
This is a post earnings trade – our regular mean reversion indicators don’t apply here.
RSI Analysis
This is a post earnings trade – our regular mean reversion indicators don’t apply here.
ADX Analysis
This is a post earnings trade – our regular mean reversion indicators don’t apply here.
Trade Analysis
Trade Outcome
Profit/Loss
Beginning Account Balance
Ending Account Balance
Hi Nishant, could you please explain how you determine the support/resistance level as it seems like a key factor for you to get into this trade?
If you are a paid member, I have a video explaining how I pick out trades in the technical analysis section called “Technical Analysis #3 – Using Support & Resistance to find Post-Earnings trade ideas” here https://tradingextremes.com/training-videos/