MAR 2021: QQQ $310 – $315Bull Call Spread



Trade Structure

$310- $315 Call Spread

Trade Date


Price Paid


Expiration Days



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Trade Rationale

QQQ is very hard to fill. As you can see below I had been trying for a $310-$315 spread since 2/23 and although QQQ had flirted with $310 levels, I never got filled. Finally, when it dropped down to $307 is when I got filled for a $310-$315 spread. I can only attribute it to a spike in IV. QQQ has very solid support at $310, but it did get pulled back all the way $296 before bouncing back up slightly. I am guessing some of our members were lucky to get $300-$305 spreads too.

Trade Selection Criteria

Overall market movement

Nasdaq was in deep correction, giving us great opportunities to enter a trade

No Earnings or Significant News

N/A – This is an ETF 

Bollinger Bands outside Keltner Channels

Bollinger bands are clearly outside the Keltner Channels.

RSI Analysis

Trade was taken based on support/resistance levels

ADX Analysis

Trade was taken based on support/resistance levels

Trade Analysis

QQQ went all the way down to a little below $300 before recovering from the brutal correction we experienced last month. During these times, you just need to stick to your plan even though it may feel like every trade you put on becomes a loser instantly. QQQ played out beautifully yielding us our 94% profit target.

Trade Outcome




Beginning Account Balance


Ending Account Balance


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