JUN 2021: MMM $190 – $195 Bull Call Spread
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Selection Criteria
Overall market movement
May sell-off is behind us and markets are in decent shape. There is no exaggerated movement in the overall markets and this trade is based on purely this stocks own movement.
No Earnings or Significant News
Earnings are behind us and were announced on 4/27
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside Keltner Channels.
RSI is popping up after being in oversold zone
DI- and DI+ are both agreeing as pointed in the chart above.
Beginning Account Balance
Ending Account Balance