Mar 2020: AAPL $250 – $255 Bull Call Spread
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Selection Criteria
Overall market movement
We have experience an unprecedented sell-off in the markets due to the ongoing Coronavirus scare
No Earnings or Significant News
We were forced to give this trade 57 days to work in our favor due to the market conditions. However, the next earnings are on 5/5 which means they coincide with our expiration cycle. I will be closing this trade at least 10 days before earnings.
Bollinger Bands outside Keltner Channels
This is a no-brainer! Bollinger Bands are way outside Keltner Channels.
RSI has been in oversold zone for some time. However, it is not showing any signs of a clear reversal yet
ADX is not showing clear signs. And DI+ is just begin to point downwards. However, we cannot consider any of these as clear signals.
Beginning Account Balance
Ending Account Balance
Hi, just finished ur ebook, great read thx. With market conditions very volatile in march would it be worth writing bull calls itm to lower risk but bring in less premium
It is all about getting an edge in the stock market. I gain my edge by trading extremes and using technical analysis. Trade structure will usually not give you an edge (i.e selling spreads vs buying spreads is not where the money is).