MAR 2021: ARKK $110 – $115 Bull Call Spread
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THIS IS A DELAYED TRADE FOR EDUCATIONAL PURPOSES ONLY.
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Trade Rationale
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
N/A
Bollinger Bands outside Keltner Channels
Bollinger bands are clearly outside the Keltner Channels.
RSI Analysis
RSI is in over-sold territory and not showing any clear signals. However, support/resistance and ADX are supporting this trade.
ADX Analysis
DI- is pointing down. In addition to this the clear support at $110 is a factor for taking this trade.
Trade Analysis
Trade Outcome
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Beginning Account Balance
Ending Account Balance