MAR 2021: ARKK $110 – $115 Bull Call Spread
THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Selection Criteria
Overall market movement
Nasdaq has been in a massive correction the entire month of March. Making use of the deep discount that every stock is trading at this time.
No Earnings or Significant News
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside the Keltner Channels.
RSI is in over-sold territory and not showing any clear signals. However, support/resistance and ADX are supporting this trade.
DI- is pointing down. In addition to this the clear support at $110 is a factor for taking this trade.
Beginning Account Balance
Ending Account Balance